OpenAI's round shrank from $30B ask to $11B raised — Anthropic IPO looms
kevinsxu · x · 2026-11-07
kevinsxu quotes negligiblecap's breakdown: OpenAI initially sought over $30B at a $1.4T valuation, which came down to $20B at $1.25T, and only $11B has closed so far with the remaining $9B 'expected in coming weeks.' The author bets investors want to see how Anthropic's IPO goes before committing the next $9B at a valuation potentially above Anthropic's. Kevinsxu adds the hook: OpenAI raised less money pre-IPO than DeepSeek did.
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