Anthropic’s initial public offering could draw about $250 million in net buying from individual investors on its first day of trading, twice SpaceX’s IPO record of $118 million, Vanda Research said in a note on Wednesday, Reuters reported.
Vanda based the estimate on retail activity on past listing days and on trading in Anthropic pre-IPO perpetual futures on the crypto exchange Hyperliquid. Only six stocks have drawn more than $250 million of retail buying in a single day since 2024, Vanda said.
Anthropic, the maker of the Claude AI models, plans to sell 825 million shares at $70 to $78 each, according to a filing with the Securities and Exchange Commission on Tuesday. The company is selling 801.4 million of those shares and existing stockholders are selling 23.6 million. It has applied to list on the Nasdaq Global Select Market under the symbol ANT, and Reuters reported that trading is expected to begin on Nov. 19.
Separately, Google, Nvidia, Advanced Micro Devices, Broadcom, Micron, Microsoft and a TSMC unit have agreed to buy $26 billion of Anthropic stock at the IPO price in a private placement that is set to close immediately after the offering, subject to conditions, the filing says. Reuters reported that Anthropic is targeting a valuation of up to $1.4 trillion in the IPO.
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