Sam Altman's OpenAI Just Completed a $7 Billion Share Sale as It Eyes a Trillion-Dollar IPO. What Would That Valuation Mean for Investors?
OpenAI just valued itself at $852 billion in a $7 billion employee share sale -- and a possible IPO could push that figure past $1 trillion.
Overview
Sam Altman's OpenAI recently completed a roughly $7 billion employee share sale at an $852 billion valuation.
This wasn't an outside investment. OpenAI itself bought the shares from current and former employees, providing them with liquidity. This wasn't about raising $7 billion to spend on more chips, data centers, training, or day-to-day operations.
Details
This comes as the ChatGPT creator prepares to go public. The company submitted a confidential registration statement for an initial public offering (IPO) in June and is now reportedly deciding whether to delay a potential $1 trillion listing until 2027 or go public sooner at a lower price, perhaps closer to that latest $852 billion valuation.
Source
Originally published at www.fool.com.