OpenAI loses favor in the secondary market as investors flock to Anthropic

Odaily · 2026-04-02T00:57:59+00:00

OpenAI stocks have fallen out of favor in the secondary market, with investors turning to competitor Anthropic, leading to a significant decline in demand. Six institutional investors are seeking to sell approximately $600 million worth of OpenAI stock, while buyers are prepared to invest $2 billion in Anthropic stock, indicating high expectations for its future valuation.

Odaily

2026-04-02 00:57:59

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Odaily Planet Daily reports: OpenAI’s stock has fallen out of favor in the secondary market, and investors have quickly turned to its biggest competitor, Anthropic. Ken Smythe, founder of Next Round Capital, said that demand for OpenAI’s stock on his secondary-market platform is declining. Over the past few weeks, about six institutional investors holding large positions—including hedge funds and venture capital firms—had contacted his company to seek the sale of roughly $600 million worth of OpenAI stock. Last year, these shares were almost snapped up in a matter of days, but now they’re being ignored. Smythe said, “Buyers say they’re ready to put about $2 billion into buying Anthropic stock.” Other platforms are also seeing record demand for Anthropic, including Augment and Hiive. Adam Crawley, co-founder of Augment, pointed out that OpenAI is valued at $852 billion, while Anthropic is valued at $380 billion. Investors have been scrambling to buy Anthropic stock in hopes that its valuation will rise. (Jin10)

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