OpenAI will not raise between $40B and $50B in IPO

OpenAI will not raise between $40 billion and $50 billion in its IPO. Despite the confidential S-1 submitted on or around May 22 and publicly confirmed on June 8 and a syndicate led by Goldman Sachs, Morgan Stanley, and JPMorgan, the company will land a deal that falls outside the $40 billion to $5…