Given a choice between a private stake at $1.4T and a newly public stake at $2T, Rory O'Driscoll would lean towards liquidity. Listen
Asked hypothetically whether a pension fund should buy OpenAI privately at $1.4T or Anthropic at its IPO at $2T, Rory O'Driscoll said valuing the two companies is a separate exercise. He would separately weigh liquidity against illiquidity, and prefers the liquid stock while so much information is unknown. Holding the private stake means accepting a three-to-four-year hold.
“I would much prefer to be in the liquid stock when the amount of information is as unknown as it is.”
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