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The OpenAI shares you hold may no longer be sellable.
According to Bloomberg, about six institutional investors recently tried to offload $600 million worth of OpenAI secondary market shares, but after searching for buyers, there were zero transactions. Last year, the same amount was snapped up within days.
At the same time, Anthropic has $2 billion in cash waiting to enter the market, with Hiive's platform recording $1.6 billion in demand. The secondary market valuation has already reached $600 billion, over 50% higher than the previous round’s $380 billion funding.
Wall Street is more straightforward: Goldman Sachs helps clients push OpenAI with active carry waivers, while promoting Anthropic with a 15%-20% fee. One is sold at a discount, the other at a premium.
OpenAI just announced its largest-ever funding round of $122 billion. Yet, in the same week, its secondary market shares found no buyers.