GS is trading 5% up today at $975.63 following reports that OpenAI is preparing a confidential IPO filing with Goldman Sachs and Morgan Stanley acting as lead banks.
- Investors are reacting to the potential for significant advisory and underwriting fees, as well as an expected increase in broader AI-related deal flow.
- The stock's performance is further supported by a generally positive day for U.S. equities, providing additional tailwinds to the company-specific news.