OpenAI's secondary stock issuance scale has increased to over 10 billion, with a valuation of US$500 billion

Golden Finance reported that OpenAI is expanding its second stock offering by more than $4 billion. OpenAI will offer eligible current and former employees the opportunity to sell approximately $10.3 billion in stock, a significant increase from the initial $6 billion target, people familiar with the matter said. The person said that the valuation of the stock offering will reach US$500 billion, in line with market expectations. OpenAI's latest round of funding earlier this year valued the company at $300 billion. OpenAI announced the proposal to employees on Wednesday, the person said. Employees who have held shares for more than two years must decide whether to participate in the transaction before the end of September, and the transaction is expected to be completed in October. Institutions participating in the investment include SoftBank Group, Dragoneer Investment Group and Thrive Capital.