OpenAI reportedly completed a $7 billion employee tender offer¶

TechCrunch · 2026-08-11

OpenAI has bought back $7 billion worth of shares from employees at the privately held frontier AI lab as part of an effort to provide liquidity to its workforce.

The deal, reported by Bloomberg, valued OpenAI at $852 billion, the same as its most recentfundraising roundin March, which added $122 billion to the company’s war chest.

The company alsofiled confidentiallywith the Securities and Exchange Commission in June to prepare for a potential IPO later this year. However, a tender offer suggests that an IPO may not be forthcoming soon. With many tech companies remaining private longer than previous generations of startups, private tenders have proven a useful way for firms to allow employees to realize the value of their stock compensation without the difficulties that come with a public offering.

OpenAI did not respond to a request for comment by publication time.

Last month, OpenAI CEO Sam Altmanwrotethat “we did not have our best 12 months ever, which is mostly my fault, but we are about to have our best 12 months to date.” Firms going public typically want to show strong financial results to bring investors on board, and the Wall Street Journalreportedin April that the company missed internal financial goals.

While OpenAI’s incredible growth and products are likely to generate massive interest in public markets, the potential debut of rival Anthropic — which wasreportedly profitableearlier this year — gives the company a reason to ensure it puts its best face forward. The tender could be another signal that the much-anticipated offering will wait for OpenAI’s new strategy of paring down its bets and focusing on its enterprise business to gain traction.

Topics

Scale faster. Grow your portfolio. Gain practical expertise. No matter your goal, Disrupt can empower you.Save up to $300 today!

Newsletters¶

Subscribe for the industry’s biggest tech news

AIAs AI-led attacks multiply, OpenAI launches a new cyber modelLucas Ropek6 hours ago

As AI-led attacks multiply, OpenAI launches a new cyber model¶

Lucas Ropek
AIDiscovered Materials is playing AI whack-a-mole to hunt cooler chipsTim Fernholz18 hours ago

Discovered Materials is playing AI whack-a-mole to hunt cooler chips¶

Tim Fernholz
AIThe AI safety test is becoming a safety riskRebecca Bellan2 days ago

The AI safety test is becoming a safety risk¶

Rebecca Bellan

Latest in AI¶

In BriefOpenAI reportedly completed a $7 billion employee tender offerTim Fernholz6 hours ago