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53 OpenAI Selects Law Firms Cooley, Wachtell for IPO Prep

The Information
Valida Pau @ The Information 2 place · 03/04/2026 20:48 EDT

OpenAI has picked two law firms, Cooley and Wachtell Lipton Rosen & Katz, to prepare for an initial public offering that could come as soon as this year, according to people familiar with the matter.

Selecting lawyers to prepare for a listing is one of the first concrete steps the ChatGPT maker has made towards a public listing and usually precedes other measures, such as appointing investment banks to advise on the process. A public listing from OpenAI—which is being valued at $730 billion in an ongoing f

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