TapTechNews June 25. According to CNBC, OpenAI has changed its policy on secondary stock sales and will now allow current and former employees to equally participate in the annual tender.
Previously, OpenAI had restrictive measures that stipulated that the company decides who can participate in the stock sale, which raised concerns among many shareholders who were worried that they could not convert the millions of dollars worth of equity they held into cash.
As there is no plan for a public offering in the near future and the price of OpenAI has deterred potential acquirers, secondary stock sales are the only way for shareholders to convert part of their paper wealth into cash.
In a document shared last week through OpenAI's equity management software, the company revised its policy, stating that All current and former service providers (including employees and advisors) will have the same sales limit.
In earlier documents, it was indicated that for former employees, secondary sales usually occur a few months after current employee transactions. In at least two tender offers, the limit for former employees is $2 million, while the limit for current employees is $10 million.
According to TapTechNews' previous reports, OpenAI was valued at $86 billion (currently about 625.313 billion Chinese yuan) in April this year. In the Hurun 2024 Global Unicorn List, OpenAI has become the third-largest unicorn enterprise in the world, second only to ByteDance and SpaceX.