OpenAI shares struggle to find buyers as investors shift to Anthropic By Investing.com

Investing.com -- OpenAI shares are facing declining demand on secondary markets as investors redirect their focus toward competitor Anthropic, according to a report Wednesday from Bloomberg News.

Ken Smythe, founder of Next Round Capital, said his secondary marketplace has seen a drop in demand for OpenAI shares in recent months. About six institutional investors, including hedge funds and venture capital firms holding large stakes, approached his company in recent weeks seeking to sell approximately $600 million worth of OpenAI shares. Last year, such offerings would have been purchased within days, but currently there are no buyers, Smythe said.

Other secondary marketplaces, including Augment and Hiive, are experiencing record demand for Anthropic shares. The gap between OpenAI's $852 billion valuation and Anthropic's $380 billion valuation has prompted investors to acquire equity in Anthropic before prices rise, according to Adam Crawley, co-founder of Augment.

Banks including Morgan Stanley (NYSE:MS) and Goldman Sachs Group Inc. (NYSE:GS) have started offering OpenAI shares to wealth clients without charging carry fees, according to a person familiar with the matter. Goldman Sachs is charging its standard carry fee for clients interested in Anthropic, which typically ranges from 15% to 20% of profits.

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