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The Zhitong Finance App learned that, according to a source familiar with the matter, OpenAI has completed a deal to help employees sell about 7 billion US dollars worth of company shares and prepare ahead of time for the company's possible initial public offering (IPO). Two people familiar with the matter said that in this takeover deal, OpenAI is buying back shares from current and former employees rather than seeking outside investors to participate as in the past — in the past, OpenAI invited investors, including Thrive Capital and SoftBank Group, to buy company shares held by employees. According to people familiar with the matter, the deal valued the startup at $852 billion, which is in line with its valuation during the most recent round of financing.
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The Zhitong Finance App learned that, according to a source familiar with the matter, OpenAI has completed a deal to help employees sell about 7 billion US dollars worth of company shares and prepare ahead of time for the company's possible initial public offering (IPO). Two people familiar with the matter said that in this takeover deal, OpenAI is buying back shares from current and former employees rather than seeking outside investors to participate as in the past — in the past, OpenAI invited investors, including Thrive Capital and SoftBank Group, to buy company shares held by employees. According to people familiar with the matter, the deal valued the startup at $852 billion, which is in line with its valuation during the most recent round of financing.
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