On June 8, local time, The Guardian and OpenAI announced that the company filed a confidential S-1 form with the U.S. Securities and Exchange Commission (SEC). The S-1 is a registration statement that companies submit to the SEC prior to an IPO, containing information about the company, its financial status, and risk factors.
In a blog post, OpenAI stated, "We recently submitted a confidential S-1 and are announcing it directly as we expect it to leak." The company added, "We have not yet determined the timing of the IPO, and it may take time as there are easier things to do while remaining a private company."
OpenAI explained that this submission provides the option to go public more quickly if necessary, indicating that it is not a definitive step toward an IPO but rather a procedure that keeps the possibility open.
The Guardian reported that OpenAI's estimated valuation exceeds $850 billion (approximately 1,325 trillion won).
This submission follows the announcement by competitor Anthropic regarding its IPO preparations. Anthropic, which operates the Claude chatbot, revealed a week ago that it had filed confidential IPO documents with the SEC.
Both companies publicly disclosed their submissions of confidential IPO documents. Details regarding the timing of the IPO, the size of the offering, and the offering price have not yet been released.
* This article has been translated by AI.
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