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OpenAI completes ~$7B employee share buyback at $852B valuation

#openai#share buyback#valuation#tender offer

Bloomberg reports that OpenAI has completed a tender offer to buy back approximately $7 billion in shares from current and former employees, valuing the company at $852 billion. This valuation is unchanged from its most recent funding round, and the move comes ahead of a possible Wall Street debut.

Coverage timeline

  1. Techmeme
    Sources: OpenAI bought back ~$7B in shares from current and former employees in a tender offer valuing it at $852B, unchanged from its most recent funding round (Bloomberg)

    Bloomberg : Sources: OpenAI bought back ~$7B in shares from current and former employees in a tender offer valuing it at $852B, unchanged from its most recent funding round — OpenAI has completed a deal to help employees sell roughly $7 billion worth of shares in the company ahead of a possible Wall Street debut …