Dragonfly Managing Partner Haseeb Qureshi said on X that the IPOs of Anthropic and OpenAI could become the largest liquidity transfer in history from global institutions to San Francisco futurists. According to ChainCatcher, he said the biggest beneficiaries would likely be San Francisco real estate and crypto.
Qureshi said employee lockups typically expire 180 days after an IPO. He added that Anthropic is expected to go public in mid-October, which would mean the process begins in April 2027, followed by OpenAI's IPO the next year.