OpenAi: Employee share sale in discussions

OpenAi: Employee share sale in discussions

San Francisco, September 29, 2023

OpenAI is in discussions about a potential stock sale that could value the company at up to $90 billion, well above its valuation of nearly $30 billion earlier this year.

According to the Wall Street Journal, the deal will allow OpenAI employees to sell their shares and thus avoid issuing new shares.

rather than the company issuing new shares.

OpenAI has reportedly started pitching the deal to investors.

A valuation of $80 billion to $90 billion would make privately held OpenAI one of the highest valued startups in the world.

If completed, it would be OpenAI’s second major secondary share sale. Earlier this year, the company completed a $300 million stock sale at a valuation of $27 billion to $29 billion.