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We are releasing the first liquid way to trade Anthropic.
For far too long, frontier assets have only been accessible to a select few. We are here to bring them to the masses.
Introducing EntropyIO. We’ve raised $14M led by Ribbit Capital and a $40M HYPE stake to build both improved and entirely new markets, the first of which are live on Hyperliquid today.
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JUST IN: Germany’s Bundestag passed a bill allowing its foreign intelligence agency to hack overseas systems and take down servers used by state-backed hackers.
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JUST IN: Anthropic is seeking to exclude investors based in mainland China and Hong Kong from its IPO, per Bloomberg.
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ANTHROPIC IPO: WHAT WE KNOW
1/ Anthropic expects to price its IPO on Nov. 18 and begin trading on Nasdaq as $ANT on Nov. 19, subject to regulatory clearance.
2/ The preliminary prospectus lists 825M shares at $70–$78 each, putting the base offering at up to $64.4B before fees.
3/ Eligible retail investors can request shares through participating brokerages. RetailBook is handling the UK retail offer. Allocations are expected to be confirmed on the first trading day.
4/ Anthropic reported $17B in Q3 revenue, more than 12x a year earlier. Its $23.3B net loss included a $21.9B noncash charge.
Our initial public offering: ipo.anthropic.com
Legal disclaimer: Anthropic has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement (available at: sec.gov/Archives/edgar/data/…) and other documents Anthropic has filed with the SEC for more complete information about Anthropic and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at sec.gov. Alternatively, copies of the preliminary prospectus may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at [email protected]; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This post is not an offer to sell, or a solicitation of an offer to buy, the securities in any jurisdiction where the offer or sale is not permitted.
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JUST IN: Chinese AI firms are racing to rent Nvidia-powered compute overseas amid fears the US could restrict remote access to advanced chips, per Reuters.
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JUST IN: Reuters found that Megaspeed, the Nvidia cloud partner under scrutiny over possible chip diversion to China, lists a virtual office in Sydney for its Australian subsidiary and a rural lottery shop as its director’s address.
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JUST IN: Investors worry Nvidia could pull back on AI financing if Jensen Huang is ousted, per Reuters. The chipmaker disclosed $164.5B in financial commitments in its latest earnings report.
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JUST IN: Anthropic’s IPO is already several times oversubscribed, per Bloomberg. The public offering could raise up to $64.4B, with another $26B from a private placement.
Anthropic jumps ~6% on Entropy on news that its IPO is already several times oversubscribed, with the company and its selling shareholders seeking up to $90.4 billion across the public offering and a private placement, per Bloomberg.
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JUST IN: IBM announced Nighthawk r3, a quantum chip designed to run 10,000 operations across 520 qubits. It plans to link two chips into a system with more than 1,000 qubits in 2027.
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JUST IN: Utah startup Torus raised $500M in a Series C led by Magnetar to manufacture Foundry, a container-sized system that pairs battery storage with AI inference, per Bloomberg.
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ANTHROPIC IPO: WHAT WE KNOW
1/ Anthropic has launched its IPO roadshow and applied to list on the Nasdaq Global Select Market under $ANT. The proposed price range is $70–$78 per share.
2/ The offering covers 825M shares, worth $57.8–64.4B before fees. Anthropic is offering about 801.4M shares, with existing shareholders selling the remaining 23.6M.
3/ At $78 per share, Anthropic would raise about $62.5B before fees. The top of the range implies a fully diluted market cap of roughly $1.3T, per MarketWatch.
4/ Underwriters are expected to have a 30-day option to buy another 123.75M shares. If fully exercised at $78, the total offering would reach about $74B.
Anthropic has launched the roadshow for its proposed initial public offering: anthropic.com/news/roadshow-…
Legal disclaimer: A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This post does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
