The company did not disclose the size or terms of the listing, and timelines remain undecided. Confidential filings allow a company to prepare for an IPO while keeping sensitive financial information private from competitors and the public. "We want to do many things while we are still a private company, as it is easier that way," OpenAI stated in its announcement.

Reuters previously reported that the AI giant aims for a valuation of up to 1 trillion USD in its IPO, which could happen as early as September. With this valuation, OpenAI would become the third company in a row to IPO around the 1 trillion USD mark, following Elon Musk's aerospace company SpaceX and Anthropic, the parent company of Claude Code.

OpenAI may hold an IPO this year. *Photo: Reuters*.

Earlier this year, OpenAI announced it had raised 110 billion USD from investors including SoftBank, Amazon, and Nvidia. In that funding round, the company was valued at 840 billion USD. At the time, ChatGPT boasted over 900 million weekly active users and more than 50 million paid subscribers.

In March, the company reported monthly revenue of 2 billion USD, doubling its figures for Q4/2024. Its growth rate also surpassed that of many tech giants like Alphabet and Meta. During its most recent funding round, OpenAI informed investors that it does not expect to achieve profitability before 2030.

The IPOs of Anthropic and OpenAI are set to mark a pivotal phase for the technology industry and global financial markets, as artificial intelligence (AI) rapidly emerges as the decade's most prominent investment destination. While these blockbuster deals could further energize the US IPO market, some investment banks caution that they might also divert capital that would otherwise flow into smaller-scale listings.

Ha Thu (according to Reuters)