Anthropic IPO: Buy Day One Or Wait?

What happened: Anthropic is expected to start trading on Nasdaq as ANT around November 19, and on Tuesday it set a price range of $70 to $78 a share for 825 million shares. Key numbers: 825 million shares; $70 to $78 per share; about $58 billion to $64 billion raised; $1.26 trillion to $1.41 trillion fully diluted value; float about 6% of shares Why it matters: The article says most investors buy at the first-day price rather than the offer price, and notes that first-day buyers in famous IPOs typically saw 25% drops within six months, so the entry price matters more than the listing day. Market: +1.5% today ($222.70), +14.7% YTD — as of 01:28 UTC

Anthropic is expected to start trading on Nasdaq as ANT around November 19, and on Tuesday it set a price range of $70 to $78 a share for 825 million shares.

The article says most investors buy at the first-day price rather than the offer price, and notes that first-day buyers in famous IPOs typically saw 25% drops within six months, so the entry price matters more than the listing day. Market: +1.5% today ($222.70), +14.7% YTD — as of 01:28 UTC