OpenAI Completes $7 Billion Employee Share Buyback, Valuation Remains Unchanged at $852 Billion

According to Bloomberg, OpenAI has completed an employee share buyback transaction worth approximately $7 billion. This move aims to provide liquidity exit opportunities for current and former employees and is widely regarded as a significant precursor to the company's IPO preparations. Sources familiar with the matter disclosed that the funding for this buyback came from OpenAI itself, rather than involving external investors in a tender offer. Following the transaction, OpenAI's valuation remained at $852 billion, consistent with its most recent financing round valuation.