Livestream Menu Make It select USA INTL Livestream Search quotes, news & videos Livestream Watchlist SIGN IN Create free account Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu
OpenAI completed a secondary share sale totaling roughly $7 billion, allowing current and former employees to sell stock at the company's $852 billion valuation, CNBC confirmed on Monday.
The tender offer has been in the works since OpenAI closed its record-breaking $122 billion funding round in March. The deal will help alleviate some near-term pressure for liquidity, allowing employees to cash in a portion of their holdings ahead the company's potentially massive IPO .
Bloomberg was first to report the $7 billion figure.
OpenAI rocketed into the mainstream following the launch of its ChatGPT chatbot in 2022, and it's ballooned into one of the fastest-growing private companies on the planet in the years since. The company confidentially filed its prospectus with the Securities and Exchange Commission in June, but hasn't disclosed an official timeline for its debut. Rival Anthropic is in a similar position .
Secondary sales have become part of OpenAI's pre-IPO strategy. The company completed a $6.6 billion tender offer at a $500 billion valuation in October, and a $1.5 billion tender offer in 2024.
—CNBC's Kate Rooney contributed to this report
WATCH: Big Tech’s Anthropic, OpenAI stakes distort S&P earnings picture
Got a confidential news tip? We want to hear from you.
Sign up for free newsletters and get more CNBC delivered to your inbox
Get this delivered to your inbox, and more info about our products and services.
© 2026 Versant Media, LLC. All Rights Reserved. A Versant Media Company.
Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.