OpenAI confidentially files for potential IPO

San Francisco (ANTARA) - US artificial intelligence company OpenAI announced on Monday that it has confidentially submitted a draft registration statement on Form S-1 to the US Securities and Exchange Commission (SEC), an initial step towards a potential initial public offering (IPO). The company stated in the announcement that it has not yet determined the timing of the public listing. The filing gives OpenAI the option to go public sooner should it prove advantageous. OpenAI said the announcement was made pursuant to Rule 135 under the Securities Act of 1933, and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any future securities offering will only be made through a registration statement filed with the SEC.