Altman's 'Next Year' IPO Hedge Stalls OpenAI Recovery at 42.5%
OpenAI's December 31 IPO contract sits at 42.5% as of 06:00 UTC Thursday after a failed overnight bounce, down 32 points over the prior 24 hours.
OpenAI's December 31 IPO contract sits at 42.5% as of 06:00 UTC Thursday — the low end of an overnight trading range that peaked at 0.49 before fading, extending the 32-point 24h decline triggered by Sam Altman's all-staff walk-back on Wednesday. The session opened at 0.75, reached a high of 0.765, then shed 27pp in roughly 25 minutes — falling from 0.76 at 15:22 UTC to 0.49 at 15:47 UTC — before extending to 0.415 at 16:11 UTC.
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