Dragonfly managing partner Haseeb Qureshi said in a post on X that the initial public offerings of Anthropic and OpenAI could amount to the largest liquidity transfer in history from global institutions to "San Francisco futurists." In his view, the most concentrated beneficiaries of that capital would be San Francisco real estate and cryptocurrencies. Qureshi also pointed to employee lockup mechanics, saying such restrictions typically expire 180 days after an IPO. Based on that timeline, he said that if Anthropic goes public in mid-October as expected, the process would likely begin in April 2027 and continue with OpenAI’s IPO the following year. The comments were cited by ChainCatcher as part of a market analysis update.
ChainCatcher reported that Dragonfly managing partner Haseeb Qureshi said in a post on X that the IPOs of Anthropic and OpenAI would be "the largest liquidity transfer in history from global institutions to San Francisco futurists."
He said the most concentrated beneficiaries of that money would be San Francisco real estate and cryptocurrencies.
Qureshi added that employee lockups typically expire 180 days after an IPO. On that basis, he said Anthropic is expected to go public in mid-October, so the process would likely start in April 2027 and continue with OpenAI’s IPO the following year.
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