Wealth management agencies are cutting fees, adding manpower in Silicon Valley, and vying to win over OpenAI and Anthropic employees — once the two companies go public, they will spawn a group of new millionaires. After SpaceX completed its major listing, Morgan Stanley's wealth management department relied on employee equity incentive plan escrow business and absorbed more than 74 billion US dollars in additional net assets from related IPOs last quarter. The market expects OpenAI and Anthropic to be listed one after another in the next 12 months. At that time, the wealth management industry will set off fierce competition. The competitive advantage of Morgan Stanley, which also acts as subsidiary financial advisors for IPOs underwriting investment banks, is particularly prominent. Financial reports show that OpenAI alone paid nearly $11 billion in equity compensation in 2024 and 2025. Even though the company currently has only about 8,000 employees, if it were to go public now, its total employee equity compensation could rank 7th among US listed companies.

Wealth management agencies are cutting fees, adding manpower in Silicon Valley, and vying to win over OpenAI and Anthropic employees — once the two companies go public, they will spawn a group of new millionaires. After SpaceX completed its major listing, Morgan Stanley's wealth management department relied on employee equity incentive plan escrow business and absorbed more than 74 billion US dollars in additional net assets from related IPOs last quarter. The market expects OpenAI and Anthropic to be listed one after another in the next 12 months. At that time, the wealth management industry will set off fierce competition. The competitive advantage of Morgan Stanley, which also acts as subsidiary financial advisors for IPOs underwriting investment banks, is particularly prominent. Financial reports show that OpenAI alone paid nearly $11 billion in equity compensation in 2024 and 2025. Even though the company currently has only about 8,000 employees, if it were to go public now, its total employee equity compensation could rank 7th among US listed companies.