Bloomberg: OpenAI's secondary market shares cool off, investors shift to Anthropic

DeepFlowTech · 2026-04-02T06:55:44+00:00

The report indicates that OpenAI shares have lost appeal in the secondary market, with six institutional investors failing to sell approximately $600 million worth of shares. Meanwhile, demand for Anthropic shares has surged, with a valuation reaching $600 billion, attracting buyers willing to invest $2 billion. Analysts believe that OpenAI's high operating costs and slow customer expansion are reasons for investor caution.

DeepFlowTech

2026-04-02 06:55:44

Abstract generation in progress

Deep Tide TechFlow message, April 02, according to Bloomberg, OpenAI shares are losing appeal in the secondary market, and in some cases it is nearly impossible to place trades. According to Ken Smythe, founder of the secondary-market platform Next Round Capital, in recent times about six institutional investors have tried to sell around $600 million worth of OpenAI shares, but nobody has stepped in; meanwhile, buyers have said they are prepared to invest $2 billion in Anthropic.

Several secondary-market platforms (including Augment, Hiive) have recorded record-breaking demand for Anthropic shares, with valuation bids of about $600 billion—more than a 50% premium over the prior round’s $380 billion valuation.

Analysts say the large gap between OpenAI’s current $85.2 billion valuation and Anthropic’s makes the latter more attractive in terms of risk-reward. In addition, OpenAI’s high operating costs and slower expansion among enterprise customers have also made some investors more cautious, while Anthropic’s dominant position in the high-profit enterprise market has led its growth prospects to be widely viewed as promising.

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