OpenAI Completes $7 Billion Share Sale at $852 Billion Valuation Ahead of Potential IPO
Updated
Updated · CNBC · Aug 10
OpenAI Completes $7 Billion Share Sale at $852 Billion Valuation Ahead of Potential IPO
3 articles · Updated · CNBC · Aug 10
Summary
$7 billion in secondary stock sales let current and former OpenAI employees cash out part of their holdings at an $852 billion valuation, easing near-term liquidity pressure before a possible listing.
The tender offer had been in the works since OpenAI's $122 billion funding round in March and follows a confidential IPO filing with the SEC in June, though no debut timeline has been disclosed.
Secondary sales have become a core part of OpenAI's pre-IPO playbook after a $6.6 billion tender offer at a $500 billion valuation in October and a $1.5 billion offer in 2024.
The deal underscores how sharply OpenAI's value has climbed since ChatGPT's 2022 launch, putting it among the fastest-growing private companies as it prepares for a potentially massive IPO.