Latest market intelligence as of May 2026, OpenAI secondary market $600 million zero transactions~


This is a very typical case of a "primary market overvaluation" and "secondary market rational reversion" happening in fierce collision~
By the end of March 2026, OpenAI had just completed a historic Series C funding round of $122 billion, pushing the post-money valuation to an astonishing $852 billion.
Institutional investors (including hedge funds and early-stage VCs) hoped to cash out at par based on the $852 billion "official" valuation when placing orders in the secondary market~
The highest bid from secondary market buyers (through platforms like Next Round Capital) was only equivalent to a $765 billion valuation. This means that less than two months after the primary market financing was completed, the secondary market directly offered a 10% discount...
What is most embarrassing for OpenAI is that it’s not a lack of money in the market, but that the funds are flowing to its rival — Anthropic
#OpenAI #AI valuation #二级市场 #Bubble signals #Anthropic
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