OpenAI has entered talks with several major financial institutions to manage its transition to the public markets. People familiar with the matter indicate that the company has specifically discussed bringing on Citigroup Inc. and JPMorgan Chase & Co. to help lead the process for its initial public offering.

Selecting these banks suggests the company wants top-tier underwriting expertise for its market debut. By engaging these firms, OpenAI seeks the institutional reach and pricing power required for a large-scale listing. The move signals a shift toward a formal structure for its eventual public entry.

These discussions focus on building a bank lineup capable of handling the complex requirements of an IPO. The involvement of these specific firms provides the necessary financial infrastructure to navigate the regulatory and investor demands of a public offering. This selection process defines the company's strategy for its public debut.