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IPO Newsroom
@IPONewsroom_
Your IPO newsroom. S-1 filings, pricing updates, debut coverage, and post-IPO performance.
Joined November 2024
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OPENAI JUST BOUGHT BACK ROUGHLY $7 BILLION OF EMPLOYEE SHARES ITSELF, INSTEAD OF BRINGING IN OUTSIDE INVESTORS Current and former employees sold in the tender offer, but the buyer this time was OpenAI itself, not Thrive Capital or SoftBank like in past rounds, per people familiar with the matter. The deal valued OpenAI at $852 billion, unchanged from its $122 billion funding round in March - Bloomberg
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