Confidential submission of draft S-1 to the SEC

Confidential submission of draft S-1 to the SEC

We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.

_This announcement is being made pursuant to Rule 135 under the Securities Act of 1933, as amended, and does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations of offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act._

Built to benefit everyone: our plan Company Jun 8, 2026

Introducing the OpenAI Economic Research Exchange Company Jun 8, 2026

OpenAI and Dell Technologies partner to bring Codex to hybrid and on-premises enterprise environments Company May 18, 2026

Research * Research Index * Research Overview * Economic Research

Latest Advancements * GPT-5.5 * GPT-5.4 * GPT-5.3 Instant

Safety * Safety Approach * Deployment Safety(opens in a new window) * Security & Privacy * Trust & Transparency

Products * ChatGPT(opens in a new window) * ChatGPT Business(opens in a new window) * ChatGPT Enterprise(opens in a new window) * ChatGPT for Education(opens in a new window) * Codex * Release Notes

API Platform * Overview * API Log In(opens in a new window) * Docs(opens in a new window)

Business * Overview * Solutions * Resources * Contact Sales

Developers * Apps SDK(opens in a new window) * Open Models * Docs(opens in a new window) * Resources(opens in a new window) * Developer Forum(opens in a new window)

Company * About Us * Our Charter * Careers * News

Support * Help Center(opens in a new window)

More * Stories * Academy * Livestreams * Podcast * RSS

Terms & Policies * Terms of Use * Privacy Policy * Other Policies

(opens in a new window)(opens in a new window)(opens in a new window)(opens in a new window)(opens in a new window)(opens in a new window)(opens in a new window)

OpenAI © 2015–2026 Your privacy choices

English United States

This editorial summary reflects OpenAI and other public reporting on Confidential submission of draft S-1 to the SEC.

Reviewed by WTGuru editorial team.