OpenAI Completes $7 Billion Employee Share Sale
OpenAI has completed a tender offer that let current and former employees sell about $7 billion of shares, valuing the company at $852 billion, according to Bloomberg.
The company bought back the shares from employees rather than using outside investors for the deal. The valuation matches OpenAI's most recent funding round.
OpenAI said in June that it had confidentially filed paperwork for an initial public offering. The company raised $122 billion from technology companies and venture capital firms in March.
OpenAI has used employee tender offers before. It completed a $6.6 billion offer at a $500 billion valuation in October and a $1.5 billion offer in 2024.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from Funding
Oct 16 Goodweek Raises $12 Million for AI Management Platform Oct 16 Intuit Agrees to Acquire AI Billing Startup Sequence for Reported $200 Million Oct 16 Matters Raises $5 Million to Build AI Consumer Bank Oct 16 KP Labs raises €4.42 million for AI data processing in orbit Oct 15 Origin Raises $20 Million for Autonomous Construction RobotsAI Funding Brief
Industry analysis
2025 Global Business Services Agenda: Gen AI Takes Center Stage
This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.
Read moreYou may also like
OpenAI Puts September Annualized Revenue at Nearly $50 Billion
OpenAI London Staff Compensation Averaged £2.3 Million in 2025
OpenAI Annualized Recurring Revenue Nears $70 Billion
ElevenLabs Closes $300 Million Tender at $22 Billion Valuation
SoftBank Launches $10 Billion and €1 Billion in Bonds for OpenAI Investment
Daily AI Brief: the AI news that matters, in your inbox.