[Sam Altman: Even if IPO documents are submitted soon, OpenAI may not go public immediately] BlockBeats News, May 22 – OpenAI CEO Sam Altman stated in a speech to employees that even if IPO documents are submitted soon, the company may not go public immediately, as the actual listing timeline will depend on market conditions and other factors. The target is to go public as early as September, but the schedule remains flexible. Earlier reports indicated that OpenAI plans to submit a confidential IPO filing to regulators in the near future, possibly as early as this Friday. Sources familiar with the matter revealed that investment banks, including Goldman Sachs and Morgan Stanley, are assisting OpenAI in drafting its IPO prospectus. Earlier this week, OpenAI cleared a major hurdle on its path to an IPO—OpenAI CEO Sam Altman won a legal dispute with rival Elon Musk. However, OpenAI still faces a series of other challenges, the most significant being market concerns about whether it can generate sufficient revenue to support its massive data center expenditure commitments. According to monitoring by PolyBeats, on the prediction market Polymarket, the probability of OpenAI going public by the end of August is only 7%, by the end of September is 42%, and by the end of the year is 72%. [Original Link]