OpenAI and Anthropic Employees Cash Out $14 Billion Over Five Years; OpenAI Plans $730B IPO

According to The Information's estimates, OpenAI and Anthropic have allowed employees and early investors to cash out approximately $14 billion cumulatively over the past five years. OpenAI has facilitated over $9 billion in liquidity through at least eight employee stock buyback offers, while Anthropic has conducted fewer repurchase rounds since its founding.

OpenAI is now planning a new employee stock tender offer as part of its first public offering filing, with a pre-money valuation of $730 billion. Both companies have recently tightened compliance measures to restrict unauthorized secondary market stock transfers through special purpose vehicles.