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OpenAI Targets September IPO, Aims for $1 Trillion Market Cap

Financial Times Companies •
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OpenAI is lining up a formal filing for a September debut, targeting a $1 trillion valuation. The tech lab has engaged Goldman Sachs and Morgan Stanley as advisers and hired the law firm Cooley to shepherd the process.

The move follows a series of high‑profile funding rounds that have pushed the company’s worth into the trillion‑dollar bracket. Market watchers note that an IPO could unlock liquidity for early investors while solidifying OpenAI’s position as a dominant player in the AI arena.

With the filing on the horizon, analysts predict the listing could set a new benchmark for software firms, influencing valuations across the sector. The decision signals confidence in AI’s commercial trajectory and may spur similar moves by competitors.