Anduril employee share sale values company at about US$90 billion
The tender is capped at about US$1.3 billion, Bloomberg reported, and extends employee participation to 16 countries.
Defense technology company Anduril has opened a share sale for current and former employees at a valuation of about US$90 billion. Bloomberg, citing people familiar with the plans, reported a price of US$94.80 per share and a limit of about US$1.3 billion for the tender.
Anduril confirmed the tender and US$90 billion valuation to CNBC after declining to comment to Bloomberg. According to one person cited by Bloomberg, the sale began on 13 October and ends on 9 November.
Employees across 16 countries are eligible for the first time, compared with earlier tenders limited to the US, UK and Australia. The transaction involves existing shares rather than a public listing, leaving Anduril privately held.
Speaking to CNBC on 15 October, CEO Brian Schimpf said the tender gives employees access to cash while avoiding the distraction of share-price movements. He said that allows the company to concentrate on expanding defense production.
In May, Thrive Capital and Andreessen Horowitz led a US$5 billion funding round that doubled Anduril’s valuation to US$61 billion. Schimpf told CNBC in July that the company was in no hurry to pursue an IPO, while co-founder Palmer Luckey has expressed support for an eventual public listing.
