OpenAI has held discussions with Citigroup and JPMorgan about joining Goldman Sachs and Morgan Stanley on its upcoming IPO, according to Bloomberg sources, though the conversations may not ultimately result in either bank joining the lineup. A confidential IPO filing is expected within weeks, with the listing potentially coming later this year. The deal would follow Elon Musk's SpaceX, whose IPO is expected to be the largest of all time at $75B, and would put OpenAI ahead of Anthropic, which is expected to launch its own jumbo-sized offering later this year or early next. Anthropic announced last Thursday that it raised $65B at a $965B valuation, eclipsing OpenAI's last reported valuation of $852B.
