IPO tracker

The OpenAI IPO: where things stand

OpenAI confidentially filed a draft S-1 with the SEC on June 8, 2026, a week after Anthropic and days before SpaceX listed. CEO Sam Altman is reported to be holding out for a valuation above $1 trillion, with the listing now leaning toward 2027. Goldman Sachs and Morgan Stanley are leading the process. No date, share count, price, or ticker has been set.

Current stageConfidential S-1 filed
S-1 filedJune 8, 2026 (confidential)
TickerNot yet assigned
Price / share countNot set

Timeline at a glance

  1. March 2025

    SoftBank-led round

    OpenAI raises $40B at a $300B valuation, then a record private round.

  2. October 2025

    Recapitalization

    Converts to OpenAI Group PBC under the nonprofit Foundation; ~$500B employee tender.

  3. March 31, 2026

    $122B round closes

    $122B committed at an $852B post-money valuation, co-led by SoftBank.

  4. June 8, 2026

    Confidential S-1 filed

    OpenAI submits a confidential draft S-1 to the SEC.

  5. TBD

    Public S-1

    First public disclosure of audited financials, risks, and governance.

  6. TBD

    Roadshow & pricing

    Institutional marketing, then price and share count are set.

  7. TBD

    Trading begins

    Shares list on a public exchange under a yet-unknown ticker.

What to watch for

The next big catalyst is the public S-1. Until then, set alerts and follow our daily updates, where we log every filing and report as it lands. When a ticker and price are set, this page and our how to buy guide will update with live trading details.