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27 Feb 2026

Wachtell Lipton Advises OpenAI on $110 Billion Fundraising

"Wachtell, Lipton, Rosen & Katz advised OpenAI Group PBC on a $110 billion fundraising at a $730 billion pre-money valuation led by Amazon ($50B), NVIDIA ($30B) and SoftBank ($30B). Institutional investors are expected to commit further. The raise is the largest equity capital raise ever."

Wachtell, Lipton, Rosen & Katz represented OpenAI Group PBC in the transaction. On February 27, 2026, OpenAI Group PBC announced a $110 billion fundraising round at a $730 billion pre-money valuation. The capital raise includes lead investments from Amazon ($50 billion), NVIDIA ($30 billion) and SoftBank ($30 billion). Institutional investors are expected to make additional commitments as the round progresses. This fundraising represents the largest equity capital raise of all time, surpassing the record previously set by OpenAI last year. Wachtell, Lipton, Rosen & Katz represented OpenAI Group PBC with a team composed by: Corporate: Andrew J. Nussbaum, Partner; Mark F. Veblen, Partner; Nathaniel R. Ludewig, Associate; Claire Y. Yang, Associate; Eric B. Liu, Associate. Antitrust: Ilene Knable Gotts, Partner. Tax: T. Eiko Stange, Partner; Tijana J. Dvornic, Partner; Sarah Perez Berger, Associate. Intellectual Property: Justin R. Orr, Partner. Finance: Stephanie Teicher, Of Counsel.
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