OpenAI Employee Stock Sale

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Current OpenAI employees

Benzinga

•

Technology

OpenAI employees and former staff can cash in up to $10 million each in a special stock sale

Summary

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A private stock sale orchestrated by the San Francisco -based AI company will allow approximately 400 employees to cash in up to $10 million each.

The opportunity comes via a tender offer from Japan 's SoftBank Group , which has agreed to purchase $1.6 billion of OpenAI stock at $ 210 per share.

The eligible stock is reportedly valued at $2 billion , but some shares may remain unsold.

Current and former employees will receive priority in this stock sale.

Click now to access unique insights that can set you ahead in today 's competitive market. Get the latest stock analysis from Benzinga ? This article OpenAI 's Big Holiday Payday: How 400 Employees Could Walk Away With $10 Million Each originally appeared on Benzinga.com 2024 Benzinga.com . Benzinga does not provide investment advice. All rights reserved..

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