OpenAI files plans to offer stock to the public

(NBC, KYMA) - ChatGPT maker OpenAI announced Monday it has filed plans to offer its stock to public in what is sure to be a massive IPO.

The company said, in an announcement, it has not decided on the timing of any public listing. The filing does give OpenAI the option to go public sooner if that ends up being in its best interest.

OpenAI said the announcement was made pursuant to Rule 135 under the Securities Act of 1933, and does not constitute an offer to sell or a solicitation of an offer to buy any securities.

Any future securities offering would be made only by means of a registration statement filed with the SEC.

The move comes as leading artificial intelligence (AI) companies face growing capital needs for computing infrastructure and product development.

Earlier this year, OpenAI announced over 900 million weekly active users, over 50 million paid subscribers, and monthly revenue of $2 billion.

On June 1, OpenAI's competitor Anthropic announced it had filed for an IPO, with a current valuation of $965 billion.

Analysts point out that the rush to go public by OpenAI and its rival Anthropic indicates that artificial intelligence is rapidly becoming a key investment theme for the next few years.

These high-profile IPOs are expected to inject new momentum into the U.S. stock market, but they will also attract a large amount of investment capital, creating a temporary squeeze on market liquidity and putting financing pressure on smaller IPO projects.