Perpetual contracts for Anthropic ahead of its IPO on Trade.xyz surged past $103, trading at a roughly 33% premium over the upper end of the IPO price range.
25 minutes ago
On Trade.xyz, Anthropic’s pre-IPO perpetual contract has surged past $103, now trading at $103.72, with a 24-hour gain of over 6%. It carries a roughly 33% premium to the upper end of the company’s newly announced IPO price range of $70 to $78, implying a listed valuation of $1.36 trillion, and a fully diluted valuation of $1.87 trillion. The dollar-denominated contract references one Class A common share of Anthropic, PBC (Nasdaq ticker: ANT), and operates in the pre-IPO market, reflecting market expectations for its share price. Trade.xyz stated the contract will convert to a standard XYZ perpetual contract once Anthropic goes public officially. Earlier reports, citing a Financial Times source, noted that Anthropic’s IPO roadshow has attracted strong demand; the underwriting team led by Goldman Sachs and Morgan Stanley is considering raising the offering price above $78 per share, with the fully diluted valuation potentially rising to $1.5 trillion or higher in the coming days. Anthropic is expected to list next week, and its final offering price has not yet been determined.
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