Ready to Buy OpenAI Before a Potential IPO? Robinhood Just Made It Possible for Retail Investors

No consumer-facing institution has grown faster than OpenAI, the genitor institution of ChatGPT, the archetypal AI chatbot that, much oregon less, sparked the artificial quality gyration implicit 3 years ago. Earlier this year, ChatGPT reached 900 cardinal play progressive users.

OpenAI conscionable closed a jaw-dropping $122 cardinal financing circular and has plans to yet spell nationalist arsenic well. Needless to say, erstwhile OpenAI does spell public, it volition beryllium 1 of the largest and astir anticipated IPOs ever.

Will AI make the world's archetypal trillionaire? Our squad conscionable released a study connected the 1 little-known company, called an "Indispensable Monopoly" providing the captious exertion Nvidia and Intel some need. Continue »

Retail investors emotion AI stocks, truthful I fishy determination volition beryllium beardown involvement successful an OpenAI IPO. However, acknowledgment to the fashionable online brokerage Robinhood, they tin present put successful OpenAI earlier a imaginable IPO.

Several fashionable online brokerages, including Robinhood, which pioneered commission-free trading, person begun launching funds that acquisition stakes successful large, backstage tech companies expected to spell public, allowing retail investors to acquisition shares successful these funds.

The Robinhood Ventures Fund 1 (NYSE: RVI) is simply a closed-end money that began trading successful March. A closed-end money shares immoderate similarities with communal funds, arsenic they are typically managed by concern professionals and transportation vulnerability to aggregate stocks oregon assets.

However, portion shares of a communal money tin beryllium redeemed each day, closed-end funds bash not let redemptions. Instead, they contented a fixed fig of shares that commercialized connected a secondary market, akin to a regular stock.

RVI holds stakes successful 10 backstage companies, including OpenAI, which it conscionable purchased a $75 cardinal involvement in.

The quality was good received, with RVI shares surging astir 16% arsenic of 11:33 a.m. ET.

"OpenAI is 1 of the frontier artificial quality companies, and we are incredibly arrogant to adhd them to the Fund," RVI's President Sarah Pinto said successful a statement. "As 1 of RVI's largest investments to date, this underscores our halfway ngo to supply mundane investors with entree to what we judge are transformative companies shaping the future."

The different stocks successful the money are arsenic follows:

• Databricks-23.24%

• Revolut-14.30%

• Mercor-14.23%

• Airwallex-7.11%

• Boom Supersonic-7.11%

• Oura -- 7.11%

• Ramp -- 7.11%

• ElevenLabs -- N/A (new stake)

• OpenAI -- N/A (new stake)

• Stripe -- N/A (new stake)

As mentioned above, OpenAI precocious raised $122 cardinal astatine a $852 cardinal valuation, truthful investors successful RVI apt aren't getting a valuation nether that. Looking up to the IPO, reports person suggested the institution could beryllium valued astatine $1 trillion oregon much by that time.