Source: New York Post
OpenAI is preparing to confidentially file for an initial public offering in the coming weeks, a source familiar with the matter told Reuters on Wednesday, adding to a wave of blockbuster listings anticipated in the year ahead. The plan by the ChatGPT maker, which was last valued at $852 billion, comes two days after it fended off an existential court challenge from Elon Musk and threatens to upstage an IPO filing by Musk’s SpaceX, expected later in the day. “Resolving that legal overhang removed a major obstacle to an IPO and likely gave OpenAI the confidence to accelerate its timeline,” IPOX Vice President Kat Liu said.
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