Jin10 data reported on September 4, according to CNBC, OpenAI is expanding the scale of its secondary stock offering by over $4 billion. Insiders revealed that OpenAI will provide eligible current and former employees the opportunity to sell about $10.3 billion worth of stock, a significant increase from the initial target of $6 billion. The insider stated that this stock offering will be valued at $500 billion, in line with market expectations. Earlier this year, the latest round of financing for OpenAI valued the company at $300 billion. The insider mentioned that OpenAI announced this proposal to employees on Wednesday. Employees who have held their shares for more than two years must decide whether to participate in this transaction by the end of September, with the deal expected to be completed in October. Participating investors include SoftBank Group, Dragoneer Investment Group, and Thrive Capital.
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OpenAI's secondary stock offering scales up to over 10 billion, valuing the company at 500 billion dollars.
Jin10 data reported on September 4, according to CNBC, OpenAI is expanding the scale of its secondary stock offering by over $4 billion. Insiders revealed that OpenAI will provide eligible current and former employees the opportunity to sell about $10.3 billion worth of stock, a significant increase from the initial target of $6 billion. The insider stated that this stock offering will be valued at $500 billion, in line with market expectations. Earlier this year, the latest round of financing for OpenAI valued the company at $300 billion. The insider mentioned that OpenAI announced this proposal to employees on Wednesday. Employees who have held their shares for more than two years must decide whether to participate in this transaction by the end of September, with the deal expected to be completed in October. Participating investors include SoftBank Group, Dragoneer Investment Group, and Thrive Capital.