2024-06-25 10:26:35.AIbase.9.8k
OpenAI Eases Stock Restrictions: Employee Wealth Realization in Sight, IPO Still Distant
OpenAI previously imposed strict limitations on secondary stock sales, with the company having the power to determine participant eligibility, raising widespread concerns among shareholders. Many shareholders holding stakes worth millions of dollars worry about their inability to cash out. Given that OpenAI currently has no plans for an IPO and the company's high valuation deters potential acquirers, secondary stock sales have become the only way for shareholders to realize some of their paper wealth.
