According to news on December 18, approximately 400 current and former OpenAI employees will be able to cash out millions of dollars due to a special stock sale plan arranged by OpenAI and Japan’s SoftBank Group. The tender offer allows certain OpenAI employees and former employees to sell their shares to SoftBank for $210 per share, according to people familiar with the matter. The deal, which allows employees to cash out some of their equity holdings, has doubled the company's valuation to $157 billion over the past year. SoftBank plans to buy up to $1.6 billion worth of shares from eligible shareholders, who must have acquired restricted stock units more than two years ago to participate, sources said. Eligible OpenAI shareholders have until December 24 to decide whether and how much to sell. OpenAI currently has more than 2,000 employees. If the deal is oversubscribed, current OpenAI employees will receive priority over former employees.