OpenAI confidentially files for IPO, following rival Anthropic's lead
By
Hayden Field
Crisped on the outside, thoughtful enough on the inside.
Summary
OpenAI has confidentially filed a Form S-1 with the SEC to go public, following rival Anthropic's similar filing on June 1st. The confidential filing means key details like executive compensation, business risks, and financials are not yet public. No IPO price or target date has been announced.
Key quotes
· 3 pulledOpenAI on Monday checked off a preliminary step in the IPO race that it and rival Anthropic have been competing in for the better part of a year
The company announced it has confidentially submitted a Form S-1 with the US Securities and Exchange Commission, following Anthropic's decision to do the same on June 1st
The confidential filing means that certain details normally available through the form — such as executive compensation figures, potential risks to a company's business, and more financials — aren't yet public
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