OpenAI preps for $10.3B stock sale
CNBC Television·2025-09-03 19:45
Funding & Valuation - OpenAI is conducting a tender offer targeting $103 billion, significantly exceeding the initially planned $6 billion [1] - The valuation remains steady at $500 billion [1] Liquidity & Investment - Eligible current and former employees who have held shares for over two years have until the end of September to decide whether to participate [2] - Participating investors include Thrive, Dragon, SoftBank, Abu Dhabi-based MGX, and Tro [2] - OpenAI's last liquidity event was in January, a $15 billion tender [2] Market Dynamics - The AI talent war is intensifying, increasing competition for shares [2]