Anthropic IPO could follow SpaceX blueprint for mega-share debuts
Investors are looking at SpaceX's June listing as Anthropic prepares to sell 825 million shares in an expected upcoming IPO.
AI firm Anthropic is expected to begin trading next week, with analysts suggesting its initial share price will be driven by mandatory index-related buying. According to reports from Mint and The Economic Times, the Claude chatbot creator intends to secure as much as $64.4 billion through the sale of 825 million shares. These shares are priced between $70 and $78, which could value the company at up to $1.4 trillion.
The company is set to be included in at least six major indexes, such as the Nasdaq 100, the S&P Total Market Index, and the FTSE USA index, within 5 to 15 days of listing. This follows a pattern set by Elon Musk's SpaceX, where revised rules from US index providers like Nasdaq ensured passive capital would enter the market shortly after debut.
Carsten Hesse, head of index events at Berenberg, stated that Anthropic is a mirror image of the SpaceX IPO regarding index-related drivers during the first 15 days of trading. Intropic estimates that passive demand from index-tracking funds could represent approximately 28 per cent of the offered shares, or roughly $19 billion.
Anthropic is also offering a small portion of its total shares, with about 6 per cent being made available at the IPO. The firm is raising an additional $26 billion through a separate private sale involving investors such as Nvidia, Alphabet's Google, and Advanced Micro Devices.
