Sam Altman: OpenAI’s Sam Altman stands to rake in over $400 million from Reddit IPO
OpenAI chief Sam Altman might rake in over $400 million from the upcoming initial public offering (IPO) of online conversation and discussion platform Reddit. But, that’s only if Reddit can achieve a valuation of $5 billion. According to Bloomberg estimates, Altman is the third-largest shareholder in Reddit owning an 8.7% stake comprising 789,456 Class A shares and 11.4 million supervoting Class B shares. If Reddit hits the $5-billion valuation in the IPO, Altman’s stake would be valued at about $435 million. Elevate Your…