OpenAI and Anthropic Set for IPOs
OpenAI and Anthropic, currently the two most valuable private companies globally, have filed confidential S-1 registration statements with the SEC, signaling potential initial public offerings (IPOs) by the end of 2023. Both companies are at the forefront of artificial intelligence and are anticipated to draw significant investor interest.
Retail investors may face challenges accessing IPOs directly, as investment banks typically favor institutional buyers during the process. However, exposure to these firms can be gained through ETFs like the KraneShares Artificial Intelligence and Technology Public and Private ETF (NASDAQ: AGIX), which includes direct stakes in private companies alongside public stocks, and the Ark Venture Fund (NASDAQMUTFUND: ARKVX), which holds 8.5% in OpenAI and 6.4% in Anthropic.
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