Anduril is offering employees a chance to sell shares in a deal that would value the defence tech company at about $90 billion. The tender offer runs from 13 October to 9 November and is capped at $1.3 billion.
01Summary
- 01Anduril confirmed it will let employees sell stock in a tender offer valuing the company at roughly $90 billion.
- 02Employees taking part can sell shares at $94.80 each, according to the report.
- 03The offer opened on 13 October and closes on 9 November, with a $1.3 billion cap.
- 04Bloomberg reported that employees from 16 countries are eligible to participate.
- 05Anduril raised $5 billion in May, doubling its valuation to $61 billion, and this month won a U.S. Navy shipyard contract worth up to $2.9 billion.
02Why it matters
The tender offer shows how quickly Anduril's valuation has risen in the US defence technology boom. It also gives employees a route to cash out while signalling strong demand around the company.
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