OpenAI Partners with Goldman Sachs and Morgan Stanley for Upcoming IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2026
0mins
OpenAI is working with banks, including Goldman Sachs (GS) and Morgan Stanley (MS), to prepare to file for an initial public offering in the coming days or weeks, Corrie Driebusch and AnnaMaria Andriotis of Wall Street Journal report, citing people familiar with the matter. OpenAI wants to go public as early as September, sources told the Journal.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to fall
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 1064.580
Low
604.00
Averages
951.45
High
1100
Current: 1064.580
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Performance Analysis: Alphabet's announcement to sell $80 billion in new stock to fund AI initiatives resulted in a 0.18% drop in share price, yet avoided a crash, suggesting robust market appetite for IPOs and reflecting investor confidence in emerging technologies.
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- Investment Strategy Advice: While enthusiasm for AI stocks is high, Solomon advises investors to remain rational and avoid chasing IPO excitement, as better investment opportunities may arise in the future.
See More
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- Capital Buffer Changes: Last year, major banks saw significant reductions in their stress capital buffers, with JPMorgan Chase and Bank of America dropping to the minimum of 2.5%, indicating strong bank health and freeing up funds for shareholder returns.
- Increased Shareholder Returns: The reduction in capital buffers allowed banks to boost dividends and engage in share buybacks, with the six largest banks posting stock price returns exceeding 25% in 2025, and Citigroup leading with a remarkable 66% increase.
- Future Outlook: Although this year's stress test is considered tougher, the Fed's decision to freeze capital buffers for 2026 means banks won't need to raise their capital cushions, thus continuing to support shareholder returns; however, poor test results could dampen future dividends and buyback plans.
See More
