finance
OpenAI Files for IPO on Friday
OpenAI is preparing to file confidentially for an initial public offering as early as Friday. The Wall Street Journal reported the accelerated timeline.
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OpenAI could file confidentially for an initial public offering as soon as Friday, the Wall Street Journal reported. The company has been working with bankers on the filing. That schedule is more aggressive than OpenAI had previously indicated.
For public investors, the most direct connection is Microsoft, which holds roughly 27 percent of OpenAI from its October recapitalization. That stake is valued at about $135 billion.
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