OpenAI has secretly submitted an IPO application to the U.S. SEC

BlockBeats News, June 9th, OpenAI announced that it has recently confidentially submitted an S-1 registration statement draft to the U.S. Securities and Exchange Commission (SEC). OpenAI stated that they anticipate this news may leak, so they chose to proactively disclose it. The company has not yet decided on a specific IPO date, which may take some time as there are certain matters that may be easier to address as a private company.

OpenAI mentioned that this is a complex balancing act, and the submission of the confidential S-1 draft will allow the company to retain the option of going public sooner if deemed the best course of action in the future. The announcement also noted that this statement is made pursuant to Section 135 of the amended 1933 Securities Act, does not constitute an offer to sell securities, and is not a solicitation of an offer to buy any securities. Any securities issuance, solicitation of offers to buy, or sales activities will be conducted following the registration requirements of the Securities Act.