OpenAI is exploring the possibility of adding Citigroup and JPMorgan Chase to its group of banks preparing for its initial public offering (IPO). Currently, Goldman Sachs Group Inc. and Morgan Stanley are leading the IPO preparations. The inclusion of Citigroup and JPMorgan would expand the banking consortium involved in managing OpenAI's public listing process. This development indicates OpenAI's intent to broaden its financial advisory team as it moves closer to going public. The discussions reflect the company's strategic approach to leverage multiple banking partners for its IPO. Citigroup and JPMorgan could join Goldman Sachs Group Inc. and Morgan Stanley on the preparations for the listing.
OpenAI considers adding Citigroup and JPMorgan for IPO banking team
by Riddra Markets Desk · 30 May 2026
Updated 30 May 2026, 5:36 am
Adding major banks could strengthen OpenAI's IPO preparation and market positioning.