POPA ReconOpenAI Submits Confidential S-1, Keeps IPO Option Open
OpenAI Submits Confidential S-1, Keeps IPO Option Open Rather than wait for it to surface, OpenAI disclosed the filing itself, saying it expects the document to leak. A confidential S-1 is the first formal step toward a US public listing, though it commits the company to nothing. OpenAI stressed no timing is set and may stay private for a while, framing the move as keeping its options open. The notice was issued under Rule 135 of the Securities Act. "We have not decided on timing yet; it may be a while ... this gives us the option to go public sooner if that ends up being best." — OpenAI…
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