As anticipation builds around one of the most closely watched public offerings in the technology sector, OpenAI is reportedly exploring the addition of Citigroup and JPMorgan Chase to its IPO banking team.
According to reports, the artificial intelligence company is in discussions with both financial institutions regarding potential roles in its planned initial public offering. If the talks result in agreements, Citigroup and JPMorgan could join Goldman Sachs and Morgan Stanley, which are already working with OpenAI on IPO-related preparations.
Sources familiar with the matter indicate that discussions remain ongoing and no final decisions have been made. OpenAI may also consider adding other investment banks as it continues to develop its public listing strategy.
The move signals further progress toward a potential IPO that is expected to attract significant attention from global investors. Reports suggest the company could submit a confidential IPO filing in the coming weeks, with a public listing potentially taking place later in 2026.
OpenAI, the creator of ChatGPT, has emerged as one of the most influential companies in the artificial intelligence sector. The company continues to invest heavily in AI infrastructure, advanced model development, and enterprise-focused AI solutions to support its long-term growth ambitions.
Recent funding activity reportedly valued OpenAI at approximately $852 billion, positioning the company among the world’s most valuable technology firms and raising expectations that its IPO could become one of the largest technology listings in history.
The potential public offering comes as competition intensifies across the AI industry, with several leading AI companies exploring growth opportunities and future capital market strategies. As investor interest in artificial intelligence continues to grow, OpenAI’s IPO is expected to become a landmark event for both the technology and financial sectors.
The addition of Citigroup and JPMorgan would further strengthen OpenAI’s advisory team as the company advances preparations for its next phase of growth as a potential publicly traded organization.
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