OpenAI valued at $852B without an IPO
openai executed a $7b employee tender offer at an $852b valuation, signaling confidence while delaying an ipo.
openai completed a $7b share buyback for employees, matching its $852b valuation set during a march funding round that raised $122b. despite a confidential sec filing for a potential ipo, the tender offer indicates the company will remain private longer to focus on its enterprise strategy. the liquidity event follows reports of missed internal financial goals and aims to retain talent amid increasing competition from a reportedly profitable anthropic.