� OpenAI shares stall as $600M hits market with no buyers

Investors are struggling to sell around $600M worth of OpenAI shares on secondary markets. Deals that used to clear in days are now seeing no demand, according to Next Round Capital.

At the same time, marketplaces like Augment and Hiive report record demand for Anthropic shares. The gap between OpenAI’s $852B valuation and Anthropic’s $380B is pushing buyers toward Anthropic equity.

Banks including Morgan Stanley and Goldman Sachs have started offering OpenAI shares to clients without carry fees. Goldman still charges 15–20% carry on Anthropic deals.

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