secondary share sale

Anthropic has narrowed its warning on unauthorized share trading from eight to four platforms after its initial notice caused investor confusion and drew criticism. The AI startup's revised statement now names only Open Door Partners, Unicorns Exchange, Pachamama, and Upmarket, removing previously listed firms like Hiive, which had pushed back against the claims.

A new wave of tech IPOs is poised to create a generation of employee millionaires, mirroring past Silicon Valley booms. Companies like SpaceX, OpenAI, and Stripe are preparing for public listings, with valuations in the billions, offering significant payouts to their equity-rich staff.

Anthropic employees refused to sell their shares at the $350 billion tender offer earlier this year, and now we know why. The Claude maker has agreed a fresh $30 billion funding round at a $900 billion valuation, the Financial Times reported, nearly tripling its worth in three months. With revenue at $30 billion and an IPO expected by October, staff are sitting on a payday.

New-age insurer Acko, backed by General Atlantic and Accel, is gearing up for its IPO, aiming for an early 2027 launch. The company has appointed Morgan Stanley, ICICI Securities, and Kotak Securities as bankers. Acko targets a valuation of $2-2.5 billion, a significant increase from its previous $1.4 billion. This move comes as India's IPO market navigates global volatility.

China has reportedly instructed leading AI firms to reject American capital, implementing a 'state filter' on funding to prevent sensitive AI breakthroughs from reaching US hands. This directive, aimed at bolstering national security, impacts major players like Moonshot AI and ByteDance, signaling a shift away from reliance on foreign investment.

Elon Musk has dismissed a Bloomberg report suggesting SpaceX is targeting a valuation exceeding $2 trillion for its potential IPO. The article notes SpaceX's confidential IPO filing with the SEC, with a potential June listing. This move would position SpaceX among the largest public offerings in history, despite Musk's denial of the reported valuation.

SpaceX, the world's most valuable private company, has reportedly filed confidentially for an initial public offering. This move brings Elon Musk's rocket and AI firm closer to a potential listing. The company is expected to seek a valuation exceeding $1.75 trillion. This could be the largest IPO in history, with a June listing anticipated.

Flipkart had also recently organised an ESOP repurchase plan -- enabling its former and existing employees to sell their ESOPs and earn over $100 million

Ahead of FirstCry IPO, family offices of Indian cricketer Sachin Tendulkar, Ravi Modi of ethnic wear brand Manyavar, Infosys co-founder Kris Gopalakrishnan, and the TVS group family have invested in the company.

Zepto is conducting a secondary share sale of over $200 million to boost domestic ownership from 33% to at least 40% before its planned IPO, aiming for 50% eventually. Edelweiss Financial Services and Motilal Oswal Financial Services are buying shares from global investors. Zepto, recently valued at $5 billion, seeks to double its valuation to $10 billion.

OpenAI is in discussions for a secondary share sale, potentially valuing the company at $500 billion, allowing employees to cash in on their equity amidst intense competition for AI talent. SoftBank is significantly increasing its stake in OpenAI, projecting massive revenue growth and ambitious plans to invest trillions in AI infrastructure.

Eye-wear retailer Lenskart is raising Rs 392 crore ($55 million) from home grown private equity firm Kedaara Capital, according to the latest regulatory documents. Lenskart, which sells its products through online and offline channels, will be valued at around Rs 8,200 crore ($1.15 billion).

Indian companies are expected to raise at least $30 billion annually through share sales in 2024 and beyond, according to JPMorgan Chase & Co. This comes as companies and their shareholders are increasingly willing to tap into the market for funding. Sales of additional shares in listed Indian companies have already exceeded $10 billion this year, and the momentum is expected to continue.

It is unclear whether the selling stakeholders include Practo's early backers, a list that includes now-defunct startup accelerator, The Morpheus, or its employees loo king to vest their stock options.

SpaceX is reportedly seeking an $800 billion valuation in a new secondary share sale, potentially surpassing OpenAI as the US's most valuable private company. This move comes as the company weighs a potential IPO next year, fueled by the success of its Starlink service and its crucial role in government missions.

Seven years after Phi Capital invested into Mahindra First Choice Wheels (MFCW), the multi-brand used vehicle company has tied up another round of investments.

The ESOP sale marks the second such event by the firm in under two years — the previous one was in July 2017.

OpenAI's valuation has surged to $500 billion after employees and former staff cashed out $6.6 billion in a secondary share sale to investors including SoftBank and Thrive Capital. This significant increase from $300 billion highlights the AI giant's rapid growth, with revenue reaching $4.3 billion in the first half of 2025. OpenAI now surpasses SpaceX and ByteDance in valuation.

Bharti Airtel, India's largest telecom operator, will primarily use the proceeds from this sale to pare its debt, a company statement said.

California-based fintech startup Carta, accused of using cap table data without consent, is exiting the stock sale business. Carta CEO, Henry Ward, responded to the accusations, stating that they prioritize trust and will no longer be involved in secondary trading. Karri Saarinen, CEO of Linear, revealed that Carta approached one of their investors about selling shares without their knowledge or consent.