Sword points to the largest IPO in history! OpenAI secretly collaborates with Citibank, JP Morgan, and a luxurious Wall Street underwriting team gradually emerges.

According to sources familiar with the matter, OpenA has been in discussions with CitiGroup and JPMorgan Chase to potentially include them in its IPO banking lineup. The creator of ChatGPT is gearing up for what could be the largest IPO in history. The company has previously worked with Goldman Sachs and Morgan Stanley to draft its IPO prospectus. Sources revealed on Friday that the offering could take place later this year, with a confidential IPO application expected to be submitted in the coming weeks. However, sources indicated that these negotiations may not necessarily conclude with CitiGroup and JPMorgan Chase joining the preparations alongside Goldman Sachs and Morgan Stanley. Other investment banks may also be involved in the IPO process. Competitor Anthropic PBC has also held preliminary discussions with various Wall Street banks to potentially lead its IPO. Goldman Sachs, JPMorgan Chase, and Morgan Stanley are all reportedly being considered. It is said that SpaceX is also assembling one of the largest underwriting syndicates in recent years for its upcoming IPO. Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and CitiGroup are expected to act as joint lead underwriters, with 16 other banks participating across different regions and investor groups in a supportive role.