OpenAI Considers $500B Valuation In Share Sale For Employees, Paving Way For Potential IPO

Benzinga

OpenAI is in early discussions to launch a stock sale that would allow employees to cash out and could boost its valuation to nearly $500 billion, up from $300 billion, according to Reuters. The deal would enable current and former employees to sell several billion dollars in shares ahead of a potential IPO. OpenAI now has roughly 700 million weekly active ChatGPT users and doubled its revenue in the first seven months of the year, reaching a $12 billion annualized run rate. The Microsoft-backed company is on track to hit $20 billion by year-end. The sale follows a $40 billion primary funding round led by SoftBank and reflects both rising investor interest and the escalating talent war in the AI sector. OpenAI is also exploring a corporate restructuring that could eventually pave the way for an IPO.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02OpenAI is in early discussions to launch a stock sale that will allow employees to cash out

00:06and could boost its valuation on nearly $500 billion, up from $300 billion, according to Reuters.

00:11The deal would enable current and former employees to sell several billion dollars in shares

00:15ahead of a potential IPO. OpenAI now has roughly 700 million weekly active chat GBT users

00:21and doubled its revenue in the first seven months of the year, reaching a $12 billion

00:25annualized run rate. Microsoft-backed company is on track to hit $20 billion by year-end.

00:30Sale follows a $40 billion primary funding round led by SoftBank. It reflects both rising investor

00:35interest and the escalating talent war in the AI sector. OpenAI is also exploring a corporate

00:40restructuring that could eventually pave way for an IPO. For all things money, visit Benzinga.com.

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