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commerce
shāng yè
商业
·HSK 6

OpenAI (AI company)
OpenAI
OpenAI
public
gōngkāi
公开
prospectus / IPO filing
zhāogǔ shuōmíngshū
招股说明书
expected / projected
yùjì
预计
this month
běn yuè
本月
to release / publish
fābù
发布
，
valuation
gūzhí
估值
possibly / may
huò
或
to reach
dá
达
$852 billion
8520 yì měiyuán
8520亿美元
。

OpenAI (AI company)
OpenAI
OpenAI
already / has
yǐ
已
in / during
yú
于
June
6 yuè
6月
to / toward
xiàng
向
the U.S. Securities and Exchange Commission
Měiguó Zhèngquàn Jiāoyì Wěiyuánhuì
美国证券交易委员会
confidentially / secretly
mìmì
秘密
to submit / file
tíjiāo
提交
stock offering
zhāogǔ
招股
draft / registration document
cǎoàn
草案
，
valuation
gūzhí
估值
approximately
yuē
约
$852 billion
8520 yì měiyuán
8520亿美元
，
public
gōngkāi
公开
version
bǎnběn
版本
expected
yùjì
预计
in
yú
于
mid-to-late August
8 yuè zhōng xià xún
8月中下旬
to release / publish
fābù
发布
，
Goldman Sachs
Gāoshèng
高盛
and
hé
和
Morgan Stanley
Mógēn Shìdānlì
摩根士丹利
to serve as / act as
dānrèn
担任
lead underwriters
zhǔ chéngxiāo shāng
主承销商
。

August 8, 2026 at 7:00 AM

artificial intelligence
réngōng zhìnéng
人工智能
company
gōngsī
公司
OpenAI
OpenAI
OpenAI
already / has
yǐ
已
in / during
yú
于
this year
jīnnián
今年
June
6 yuè
6月
to / toward
xiàng
向
the U.S. Securities and Exchange Commission
Měiguó Zhèngquàn Jiāoyì Wěiyuánhuì
美国证券交易委员会
confidentially / secretly
mìmì
秘密
to submit / file
tíjiāo
提交
initial public offering / IPO
shǒucì gōngkāi mùgǔ
首次公开募股
[modifier marker]
de
的
registration draft / draft prospectus
zhùcè cǎoàn
注册草案
。
informed / with inside knowledge
zhīqíng
知情
sources / people
rénshì
人士
to reveal / disclose
tòulù
透露
，
this / the current
cǐ cì
此次
listing / going public
shàngshì
上市
[modifier marker]
de
的
valuation
gūzhí
估值
approximately
yuē
约
to reach
dá
达
$852 billion
8520 yì měiyuán
8520亿美元
，
by
yóu
由
Goldman Sachs
Gāoshèng
高盛
and
hé
和
Morgan Stanley
Mógēn Shìdānlì
摩根士丹利
jointly / together
liánhé
联合
to lead / spearhead
zhǔdǎo
主导
listing
shàngshì
上市
process / workflow
liúchéng
流程
。
aimed at / for
miànxiàng
面向
the public
gōngzhòng
公众
[modifier marker]
de
的
complete / full
wánzhěng
完整
prospectus
zhāogǔ shuōmíngshū
招股说明书
expected / projected
yùjì
预计
in
yú
于
mid-to-late August
8 yuè zhōng xià xún
8月中下旬
formally / officially
zhèngshì
正式
to disclose / reveal
pīlù
披露
，
at that time / when the time comes
jiè shí
届时
the outside world / the public
wàijiè
外界
will
jiāng
将
for the first time
shǒucì
首次
to be able to / have the opportunity to
déyǐ
得以
to understand / learn about
liǎojiě
了解
its
qí
其
complete / full
wánzhěng
完整
financial
cáiwù
财务
status / condition
zhuàngkuàng
状况
。
the said / this
gāi
该
company
gōngsī
公司
to date / so far
qìjīn
迄今
not yet
shàngwèi
尚未
regarding / concerning
jiù
就
listing
shàngshì
上市
timeline / schedule
shíjiāobiǎo
时间表
to make / give
zuòchū
作出
formal / official
zhèngshì
正式
commitment / pledge
chéngnuò
承诺
，
but / however [formal]
wéi
惟
multiple / various
duō fāng
多方
sources
láiyuán
来源
all
jūn
均
to point to / suggest
zhǐ xiàng
指向
the year 2026
2026 nián
2026年
fourth quarter / Q4
dì sì jìdù
第四季度
to complete / achieve
wánchéng
完成
to list on an exchange
guà pái
挂牌
。
once / if
yīdàn
一旦
listing
shàngshì
上市
successful
chénggōng
成功
，
this
cǐ cì
此次
transaction / deal
jiāoyì
交易
will
jiāng
将
to become
chéngwéi
成为
the United States
Měiguó
美国
technology / tech
kējì
科技
industry / sector
hángyè
行业
in recent years
jìn nián lái
近年来
the largest-scale / biggest
guīmó zuìdà
规模最大
[modifier marker]
de
的
IPO (initial public offering)
IPO
IPO
one of
zhī yī
之一
。
investors
tóuzīzhě
投资者
and
hé
和
analysts
fēnxīshī
分析师
all / both
jūn
均
closely
mìqiè
密切
to follow / pay attention to
guānzhù
关注
prospectus
zhāogǔ shuōmíngshū
招股说明书
in / within
zhōng
中
[modifier marker]
de
的
revenue
yínshōu
营收
breakdown / itemized details
xìmù
细目
，
in order to
yǐ
以
to evaluate / assess
pínggū
评估
OpenAI
OpenAI
OpenAI
under / in
zài
在
high-intensity
gāo qiángdù
高强度
competition
jìngzhēng
竞争
environment / landscape
huánjìng
环境
under / in
xià
下
[modifier marker]
de
的
profitability / profit
yínglì
盈利
ability / capability
nénglì
能力
。

News in English

Business

OpenAI Public Prospectus Expected This Month as IPO Valuation Approaches 852 Billion Dollars

OpenAI filed a confidential draft prospectus with the SEC in June at a valuation of around $852 billion, with the public version expected in mid-to-late August and a Q4 2026 listing target led by Goldman Sachs and Morgan Stanley.

More in Business

artificial intelligence
réngōng zhìnéng
人工智能
revenue / income
shōurù
收入
prospects / outlook
qiánjǐng
前景
to trigger / to cause
yǐnfā
引发
doubts / questions
yíwèn
疑问
，
semiconductor
bàndǎotǐ
半导体
stock price
gǔjià
股价
from
cóng
从
October
shí yuè
十月
peak / high point
gāodiǎn
高点
to retreat / to fall back
huíluò
回落
。

AI Revenue Uncertainty Pulls Semiconductor Stocks Off October Highs

United States
Měiguó
美国
stock market
gǔshì
股市
Friday
zhōuwǔ
周五
strongly / with force
qiángshì
强势
to rebound / to rally
fǎntán
反弹
，
Dow Jones Index
Dào Zhǐ
道指
gained more than
zhǎng chāo
涨超
400 points
400 diǎn
400点
，
to end / to conclude
jiéshù
结束
volatile / turbulent
dòngdàng
动荡
(particle)
de
的
one week
yī zhōu
一周
。

US Stocks Cap Volatile Week With Strong Friday Rally as Dow Gains Over 400 Points

international
guójì
国际
oil prices
yóujià
油价
to maintain / to sustain
wéichí
维持
high level / elevated level
gāowèi
高位
，
Nasdaq (stock exchange)
Nàsīdákè
纳斯达克
index
zhǐshù
指数
Thursday
zhōusì
周四
to close lower / to finish down
shōu diē
收跌
1.3 percent
bǎifēnzhī yī diǎn sān
1.3%
。

Nasdaq Slides 1.3 Percent as Brent Oil Holds Above 100 Dollars

OPEC
Ōu pèi kè
欧佩克
to announce
xuān bù
宣布
November
shí yī yuè
十一月
oil / petroleum
shí yóu
石油
output / production
chǎn liàng
产量
to maintain / to keep
bǎo chí
保持
unchanged
bù biàn
不变
。

OPEC Announces November Oil Output to Remain Unchanged