Anthropic Backers Market Up to $1.5B of IPO Shares to New Buyers Pre-Listing
Summary
Backers of Anthropic are selling access to their expected IPO allocations before the stock ever trades. JonesTrading is marketing up to $500M of shares for investors expecting large allocations, charging a 3% to 5% premium to the IPO price, and those shares carry no insider lock-up. A second seller is offering more than $1B of existing shares at a $1.4T to $1.6T valuation through a single-layer SPV, also with a fee attached. Buyers need approval from the sellers and an underwriting bank. The demand for pre-listing access lines up with the roadshow launched this week at $70 to $78 a share and a target raise of as much as $64B, with Anthropic seeking a fully diluted valuation of about $1.4T. The company is also setting aside up to 20% of IPO shares for retail investors, an unusually large slice.
This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.