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"US Edition Post Bar" submits IPO file: Ortman is actually a major shareholder and has also served as CEO

2024-02-24 09:41:27

Financial Association February 24th (Editor Zhao Hao) Local time on Thursday (February 22) local time, there are "American version of post bar" and "American version of Tianya"The Reddit, like the US Securities and Exchange Commission (SEC), submitted an S-1 form and officially applied for a category A shares listed on the New York Stock Exchange. The transaction code is" RDDT ".

It can be found in the table that the founder and CEO of OpenAI, Sam Altman, is ranked among shareholders.Before the Reddit IPO, the global artificial intelligence field held 4.5%of A -type stocks and 9.3%of Class B stocks. The total shareholding ratio was 8.7%, and the voting rights ratio reached 9.2%.

It is reported that Reddit is seeking to obtain a valuation of more than $ 5 billion in this IPO, which is expectedThe stock value reached at least $ 435 million, but the document did not disclose whether Altman intends to sell stocks in IPO transactions.

Generally speaking, it seems an incredible thing to see the heavy figures in another field in the file, but in view of the protagonist is Ortman, all thisIt seems to be able to speak again, because before the chat robot ChatGPT burst fire, he was a well -known investor in Silicon Valley, and many well -known companies had him behind.

Source: CB Insights

In 2011, Altman became the partner of Y Combinator and was inFrom 2014 to 2019, he served as the president of this well -known Silicon Valley venture capital.During the period, Y Combinator broaden its accelerator business, from providing incubation support for two batches of startups to cooperate with more companies in different growth stages from each year.

As the president of Y Combinator, Altman has come into contact with many small companies.Over the years, he has also invested dozens of startups, including ASANA, which landed in the New York Stock Exchange in 2020 and Instacart, which was listed in Nasdaq last September.

Shortly after being promoted to President Y Combinator, Altman and Elon Musk and others founded OpenAI.In 2014, which was promoted to the president, Altman led a $ 50 million Series B financing of Reddit.In November of the same year, he also served as the CEO of Reddit for 8 days.

Ortman once wrote in a blog post, "Reddit looked like a stupid thing that wasted time, but now it has become very interesting. For many years.Come down, it is an important community for me -I can find like -minded people, this is what I cant find in the real world. "

2021In half a year, Altman invested 50 million US dollars in the E round of Equis Eye in Reddit, and invested another $ 10 million in the second half of the year.In January 2022, Altman, who served as a director for 7 years, announced his resignation. "As a user, I love reddit and enjoy the time on the board."It is mentioned that the chat content published on Reddit has become the training materials of OpenAI, Microsoft, Google and other companies. It has been reported that "GPT-2 for training has a total of about 40g and 8 million.Gao Zans article. "In April last year, Reddit stated that he asked the science and technology giant to pay data.

In the prospectus, Reddit claims that it has reached an agreement worth about $ 60 million with Google, which will allow the latter to use Reddit to use RedditThe posts published above are to train artificial intelligence models and improve services such as Google search.

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