How to Buy Pre-IPO Shares in Anthropic and OpenAI (And Why You Might Not Want To)

OpenAI and Anthropic are expected to go public in late 2026 or early 2027 with valuations around $1 trillion. While investors can gain pre-IPO exposure through secondary marketplaces, SPVs, and ETFs, the article warns of significant risks including potential share voidance by the companies, inflated valuations in proxy funds, and likely post-IPO price declines once market euphoria fades and steep valuations are scrutinized.