Investors reportedly offering Anthropic allocation shares at premiums of up to 5% ahead of its IPO

Recent reports indicate that the Anthropic IPO has not been officially priced yet, but some existing investors have already pre-sold their expected allocated shares from the offering, charging buyers a premium of 3% to 5% above the IPO price.

According to Bloomberg’s report on Tuesday, the 10th (New York time), JonesTrading is marketing up to $500 million worth of shares on behalf of certain investors, demonstrating that demand for this highly anticipated AI company IPO is already heating up ahead of schedule.

This news does not mean that Anthropic stock is already trading on the secondary market; rather, investors are transferring their expected IPO allocation in advance. Buyers are required to pay an additional premium on top of the final issue price for the opportunity to secure shares ahead of time.

Up to $500 Million in Allocated Shares for Sale, Buyers Must Pay Additional Premium

Bloomberg reports that JonesTrading is offering up to about $500 million of Anthropic shares on behalf of some investors, with the asking price 3% to 5% above the IPO issuance price.

For sellers, this means they can realize some investment returns ahead of the official listing; for buyers, it is a chance to secure scarce allocations in a popular IPO, albeit at a higher cost. However, such transactions relate to expected allocations, not shares that have already been settled, and the final transferable amount still depends on the actual allocation and transaction arrangements.

IPO Could Raise up to $64.4 Billion, Q3 Revenue Close to $17 Billion

Anthropic plans to issue 825 million shares at $70 to $78 per share. At the upper end of this guidance range, the IPO could raise up to about $64.4 billion, with a fully diluted valuation of about $1.4 trillion.

The company expects to set the issuance price on November 18, with trading on Nasdaq under the ticker “ANT” beginning November 19.

According to the prospectus, Anthropic’s third-quarter revenue reached $16.956 billion, and revenue for the first nine months of the year was $33.242 billion. In the third quarter, GAAP operating loss was $567 million, while adjusted operating margin stood at 15%. The company also disclosed about $900.9 billion in compute power purchase and leasing commitments, making its massive future investment in compute power a key factor for investors evaluating profitability.

Retail Investors Can Participate via Brokers, but Allocations Are Not Guaranteed

Ordinary investors can watch for subscription channels provided by certain brokerage firms during the IPO. Anthropic plans to allocate shares to eligible clients through platforms such as Charles Schwab, Fidelity, Robinhood, SoFi, and E*Trade, though submitting a subscription request does not guarantee an allocation.

Additionally, some funds already hold Anthropic shares, so investors can also gain indirect exposure through those funds. However, private placement platforms and special-purpose vehicles typically have investment thresholds, fees, and liquidity restrictions.

The premium on allocations prior to the IPO reflects that some investors are willing to pay extra costs to obtain Anthropic shares early, but this does not directly represent the overall offering demand or allow predictions of post-listing price performance. Only the final IPO pricing and public market trading will reveal investors’ true expectations for this AI company’s valuation.