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Benzinga
  • 4 hours ago
OpenAI opened pre-IPO share access to individual investors through ARK Invest ETFs and $3B in bank-facilitated retail sales, as part of a $122B funding round at an $852B valuation. The round includes $110B from Amazon, Nvidia, and SoftBank, with enterprise clients now exceeding 40% of revenue.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02OpenAI said it will allow individual investors to access its stock ahead of a planned IPO,
00:07according to Axios. OpenAI said its shares will be included in several of Cathie Wood's
00:11ARK Invest exchange-traded funds. The company also sold about $3 billion of shares to individual
00:16investors through clients of three large banks. The sale is part of a funding round totaling
00:21$122 billion at an $852 billion post-money valuation. The round includes a $110 billion
00:27commitment from Amazon, NVIDIA, and SoftBank, with portions tied to conditions and future
00:32tranches. Additional investors filled the remaining $7 billion. OpenAI said over 40% of revenue
00:37comes from enterprise clients and expects that to reach 50% by year-end.
00:41For all things money, visit Benzinga.com.
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