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OpenAI CEO Sam Altman's Reddit stake increased to $613M after Reddit's IPO, with shares rising 48%.
OpenAI CEO Sam Altman's Reddit stake increased by $200M to $613M after Reddit's IPO debut, with shares rising 48% in NYSE trading.
Altman, a significant Reddit investor, holds a 7.6% stake in the company and is restricted from selling Reddit shares for six months during a lockup period.
Reddit's stock skyrocketed during its Wall Street debut, reaching a nearly $9 billion valuation within seconds of trading on the New York Stock Exchange.
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La participación en Reddit del director ejecutivo de OpenAI, Sam Altman, aumentó a 613 millones de dólares después de la oferta pública inicial de Reddit, y las acciones subieron un 48%.