> They’re not late to the IPO party, which was postponed by OpenAI, It may turn out that that was a mistake

Isn’t that precisely what being late to the party means? You should have showed earlier?

Would they have had to disclose a known Apple lawsuit threat in the IPO disclosures? If so that might explain the delay...

Also Apple could have filed the litigation right before the IPO and after a IPO announcement. OpenAI doesn't get to decide when Apple sues them.