Anthropic's corporations value has reached $1.2 trillion (about 1,804 trillion won) on the over-the-counter market.
According to Business Insider on the 11th (local time), Anthropic is being transacted on the over-the-counter market platform "Caplight" at a corporations value of $1.2 trillion. This far exceeds the $965 billion (about 1,451 trillion won) valuation assessed in the series H fundraising in May.
Based on the Caplight platform, OpenAI's corporations value is $908 billion (about 1,365 trillion won), putting Anthropic's market value ahead of OpenAI.
Javier Avalos, Caplight chief executive officer (CEO), said, "Anthropic is the corporations with the highest demand in the history of the venture secondary market."
Glen Anderson, CEO of Rainmaker Securities, which specializes in private stock investing, also explained that Anthropic shares are seeing transaction at around a $1.2 trillion corporations value, but said actual transactions are rare because supply is scarce. Anderson said, "Demand is so high that it overwhelms supply." With Anthropic's listing imminent, the view has strengthened that its value will rise further.
In the market, there is concern that many of these over-the-counter transaction are roundabout deals conducted through special-purpose vehicles (SPVs). Instead of individual investors holding Anthropic shares directly, they set up SPVs to buy Anthropic shares under a corporate name, and investors hold the SPVs' equity. In this case, they must pay high management fees to intermediaries, and there is also a possibility that the transaction could later be invalidated.
Under its articles of incorporation, Anthropic posts a notice on its website that any stock transaction without board approval is void, and that most investment offers made through indirect methods are invalid transactions.