OpenAI is preparing for an IPO, with completion expected as early as end of year.

ChainCatcher reports that, according to CNBC, OpenAI is preparing for an IPO, which could be completed by the end of this year. An anonymous source familiar with the matter said that OpenAI’s IPO might be completed as early as the fourth quarter of this year.

The source added that the timeline is still subject to change and requested anonymity due to confidentiality. To support the IPO preparations, the company has hired former DocuSign CFO Cynthia Gaylor to handle investor relations and is expanding its finance team.

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