OpenAI has discussed adding Citigroup, JPMorgan to bank lineup for IPO

OpenAI has spoken with banks including Citigroup Inc. and JPMorgan Chase & Co. about working on its upcoming initial public offering, according to people familiar with the matter.

Citigroup and JPMorgan could join Goldman Sachs Group Inc. and Morgan Stanley on the preparations for the listing, said the people, who asked not to be identified because the matter is private.

OpenAI filling out its roster of underwriters would bring it a step closer to an IPO, which could come later this year. A confidential IPO filing by the maker of ChatGPT is expected within weeks, Bloomberg News has reported.