OpenAI IPO Speculation Intensifies As Confidential Filing May Happen On 22 May 2026

Artificial intelligence giant OpenAI could be preparing for one of the biggest stock market debuts in history. Several reports suggest that the company may confidentially file draft initial public offering (IPO) papers as early as 22 May 2026.

According to multiple reports, the ChatGPT-maker is working with major Wall Street banks, including Goldman Sachs and Morgan Stanley, for a possible public listing in the United States. Sources cited by Reuters and other media outlets indicate that the company could target a public debut later in 2026.

OpenAI Could Target Record-Breaking Valuation

OpenAI’s expected IPO is attracting attention because of its massive valuation. The company was reportedly valued at around $852 billion following a recent funding round worth nearly $122 billion completed earlier this year. Some reports suggest the company could eventually aim for a valuation close to $1 trillion during its public market debut.

If the IPO materialises at such levels, it could become one of the largest listings ever globally, surpassing several major technology IPOs seen over the past decade.

The company’s rapid growth has been driven by the explosive popularity of ChatGPT and rising enterprise demand for AI tools. Reports suggest ChatGPT now has over 900 million weekly active users and around 50 million paid subscribers globally.

AI IPO Race Heats Up

The timing of OpenAI’s possible filing is also noteworthy because it comes amid reports of a potential IPO race involving SpaceX and other AI-focused firms. Market observers believe the upcoming wave of technology listings could reshape investor interest in AI and space-related companies.

Meanwhile, shares of SoftBank Group surged sharply after reports linked the company’s gains to anticipated IPO plans involving OpenAI and other SoftBank-backed ventures.

Despite the growing speculation, OpenAI has not officially confirmed an IPO timeline.

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Sources:

Reuters

The Economic Times

Forbes