OpenAI completed a secondary share sale of approximately $7 billion, allowing current and former employees to sell stock at a valuation of $852 billion. This offer has been in the works since the record-breaking $122 billion funding round in March. The deal aims to provide liquidity to employees ahead of a potentially massive IPO. OpenAI confidentially filed a prospectus with the SEC in June but has not announced an official timeline for its debut.
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