According to The Information.OpenAI Two law firms, Cooley and Wachtell Lipton Rosen & Katz, have been selected for their first public collectionsIPOIt is most likely to be officially listed in the fourth quarter of this year。
Both firms were deeply involved in OpenAI’s legal affairs:
Wachtell, a New York-based firm that assisted OpenAI in completing a number of acquisitions, including a $6.5 billion acquisition last year of Johnny Ive hardware under the flag, i.e., io products, and a $1.1 billion purchase of product analysis, Statsig
Cooley is well known for being listed as a mentor in a technology enterprise and has served on IPO projects for companies such as Young Weeda and Snowflake. The Financial Times had previously reported on OpenAI ' s contact with Cooley, but did not disclose the information eventually selected。
At present, OpenAI is in the process of a new round of financing, with a pre-financing valuation of $73 billion and a further increase in the current round of $110 billion in investments. IPO will be among the largest technology listings ever。
Young Weida CEO Wong In-hoon said yesterday at the Morgan Stanley Investors Conference in San Francisco that the previous plan to invest up to $100 billion in OpenAI "may not move forward" because "they're going to be listed."。