OpenAI confidentially files for IPO, but says it 'may be a while' before it goes public

• OpenAI announces it has filed its confidential S-1 to go public.
• The draft brings Sam Altman’s company a step closer to a huge IPO and the public markets.
• OpenAI’s post said the company has not yet decided on the timing of the IPO.

It continued: “But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.”

OpenAI did not immediately respond to Business Insider’s request for comment.

This is a developing story.