According to OpenAI, law firm Cooley has built a new tool called GO Public using ChatGPT Work to enhance the initial public offering (IPO) process. The tool aims to bring intelligence to IPO preparations, which traditionally involve complex legal work and documentation.
The system is designed to help lawyers identify potential issues earlier in the IPO process, according to the announcement. By leveraging ChatGPT’s capabilities, GO Public allows legal professionals to surface problems that might otherwise be caught later in the process, potentially saving time and reducing risks during the critical period leading up to a public offering.
According to OpenAI, the tool enables lawyers to focus their professional judgment where it matters most by automating certain aspects of the review and analysis process. This approach represents an application of large language models in specialized legal work, particularly in the high-stakes environment of taking companies public.