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Home›Global Markets›North America›OpenAI readies a $7 billion share sale ahead of potent…

OpenAI readies a $7 billion share sale ahead of potential IPO

The tender offer follows OpenAI's record-breaking $122 billion funding round in March, according to CNBC World.

Reported · Written up by our desk · North America

OpenAI is preparing a $7 billion share sale via a tender offer, ahead of potential next steps that could include an initial public offering, CNBC World reports.

The outlet says the tender offer process has been in the works since the company completed its record-breaking $122 billion funding round in March.

OpenAI’s ownership and financing plans are positioned around that March fundraising milestone, with the $7 billion tender offer serving as a near-term step before any possible IPO.

CNBC World frames the sale as part of OpenAI’s longer timeline after the large private funding round.

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Sources

CNBC WorldOpenAI wraps $7 billion share sale ahead of potential IPO

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