Worldcoin Returns in Glory, Backed by OpenAI’s Anticipated IPO

OpenAI's tender offer, which would finally permit employees to sell stock at the startup launch to the crowd, will go ahead despite leadership turmoil and a board shakeup. The tender offer values ​​OpenAI at a pretty amount of about $86 billion — the same level reported in October, and will be run by Josh Kushner's Thrive Capital.

The funding round and previously reported valuation were affected by the temporary ouster of Sam Altman in early November, but his return clears the way for the tender offer to proceed.

The tender offer does not involve the issuance of new shares. Instead, Thrive and other participating investors will purchase existing units, most of which are owned by employees, providing them with liquidity. The $86 billion round is three times the amount OpenAI raised in April, which valued the company at about $28 billion.

In the meantime, it’s worth watching OpenAI’s own token, Worldcoin (WLD), again. At the time of writing, it’s trading at around $2.36 pointing to a marketcap of $286.5 million. Let’s recall, that Worldcoin, introduced by OpenAI’s “come-and-go-and-comeback” CEO Sam Altman, launched on Monday, 24 July 2023, after years of scrupulous development, promising to verify users’ identity by iris-scanning and potentially solving one of the more pressing problems posed by recent advances in artificial intelligence.