"The hardest stock to source in our marketplace is Anthropic. There's just no sellers."
"The app got more popular, people rallied around the company as kind of a hero, taking on big government."
"Demand for the company's shares has become almost insatiable."
"Many institutional investors still want exposure to the private market, but the dynamics are shifting."
Glen Anderson, president of Rainmaker Securities, observes a significant increase in institutional investors in the private market since 2010. Currently, Anthropic, OpenAI, and SpaceX dominate the narrative. Demand for Anthropic shares is exceptionally high, with reports of $2 billion ready for investment, while OpenAI shares face challenges in finding buyers. Anderson attributes Anthropic's rising popularity to its public conflict with the Department of Defense, which has enhanced its appeal and differentiation from OpenAI, impacting investor strategies in a previously uniform market.
Read at TechCrunch
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