OpenAI has secretly submitted an S-1 registration statement draft to the U.S. SEC

OpenAI announced that it has recently submitted a confidential S-1 registration statement draft to the U.S. Securities and Exchange Commission (SEC). OpenAI stated that it expects this news may leak, so it chose to proactively disclose it. It has not yet decided on a specific listing time, which may still take some time, as some matters may be easier to complete as a private company.

OpenAI stated that this is a complex balancing process, and submitting the confidential S-1 draft will reserve the option for the company to go public earlier, provided that going public is deemed the best choice in the future. The announcement also stated that the statement is issued under Section 135 of the revised Securities Act of 1933, does not constitute an offer to sell securities, nor does it constitute a solicitation of an offer to purchase any securities. Any issuance of securities, solicitation of purchase offers, or sales activities will be conducted in accordance with the registration requirements of the Securities Act.