OpenAI has not held pre-IPO investor meetings or set public listing timeline, sources say
By
Leslie Picker, Ashley Capoot
Summary
OpenAI has not yet held pre-IPO investor meetings or set a timeline for going public, according to sources familiar with the company's plans. While OpenAI confidentially filed its prospectus with the SEC earlier this month, signaling potential progress toward an IPO, the company has indicated it "may be a while" before it actually goes public. Investor meetings to gauge demand and pricing are expected to begin once the company has a clearer sense of timing.
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Key quotes
· 3 pulledOpenAI hasn't yet held pre-IPO meetings to discuss potential pricing and demand, or outlined an official timeline for the listing, according to people familiar with the company's plans.
Those meetings to test the waters with investors will likely start once the artificial intelligence company has a better sense of timing, said the people, who asked not to be named because the details are not public.
OpenAI said it confidentially filed its prospectus with the Securities and Exchange Commission earlier this month, a promising signal for investors who are eager to jump into AI.
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