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00:02OpenAI plans to reserve a portion of shares for individual investors in its expected initial
00:06public offering, according to CNBC. Chief Financial Officer Sarah Fryer said OpenAI
00:11tested retail investor participation in its latest funding round and saw strong demand
00:15from individuals. She said OpenAI will reserve a portion of shares for retail investors in its
00:20public offering. OpenAI raised $3 billion from individual investors through private placements
00:25after initially targeting $1 billion. The company has discussed a public offering as soon as the
00:30fourth quarter. Fryer declined to comment on an IPO timeline and said OpenAI aims to operate like a
00:36public company at its current scale. For all things money, visit Benzinga.com.
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