OpenAI Faces IPO Unknowns Even After Victory Over Elon Musk

Elon Musk’s legal battle against OpenAI has hung over the ChatGPT maker for more than two years, threatening to unravel its restructuring as a for-profit business and undermine its plans to go public.

Now that a judge dismissed the billionaire’s case, OpenAI appears intent on moving ahead with its Wall Street debut. The company aims to file for an initial public offering in the coming days or weeks, according to a person familiar with the matter, with the goal of going public in the fall.

The decision to push ahead with a listing this year could help it beat ...