4 ms·
why did they raise 3 days ago? What's the benefit of doing this instead of going public right away? If it's just cash to pay for GPUs, can't they issue bonds or
by eamag 4mo ago
why did they raise 3 days ago? What's the benefit of doing this instead of going public right away? If it's just cash to pay for GPUs, can't they issue bonds or something?
- 44df 4mo agoPump up the valuation baby. Price setting.
- gedy 4mo agoIPO isn't really about "raising money for the company" any longer, unless one means raising the money in their wallets so they can take the money and run.
- Maxatar 4mo agoYou pretty much always do a late-stage private round shortly before an IPO, that is the standard. The goal of the late-stage funding round is to give a better idea of how much capital can be raised by the IPO. It helps reduce uncertainty about expectations of what the company is worth before going public.
- boshalfoshal 4mo agoConspiratorially, it seems like a shotgun attempt at undermining the supposed OpenAI IPO later this year. Also filing an S-1 doesn't actually indicate that they intend to go public "immediately," it just gives them the option to go public (probably in the near future).