OpenAI is preparing for an IPO by the end of the year.

OpenAI is preparing for an IPO scheduled for the end of this year. The company is focusing the attention of employees and investors on its enterprise business. It is reported that OpenAI will conduct its IPO in the fourth quarter of this year. Chief financial officer Sara Frayer is assembling a financial team for the IPO, having earlier hired former Block Chief Accounting Officer Ajmeer Dale and former DocuSign CFO Cynthia Gallo. Gallo will be in charge of investor relations.