Anthropic IPO enthralls India's uber-rich, but where are the shares?

What happened: India's ultra-rich are seeking shares in Anthropic's upcoming IPO, but wealth managers say stock is scarce in private markets and access outside major American and European markets will be extremely limited. Key numbers: Anthropic's IPO is expected to raise $100 billion and value it at up to $1.5 trillion. Why it matters: Wealth managers say IPO allocation is effectively off the table for Indian clients, so they suggest post-IPO exposure through listed proxies such as Amazon, Google, TSMC and Samsung. The LRS limit can constrain meaningful overseas exposure.

India's ultra-rich are seeking shares in Anthropic's upcoming IPO, but wealth managers say stock is scarce in private markets and access outside major American and European markets will be extremely limited.

Wealth managers say IPO allocation is effectively off the table for Indian clients, so they suggest post-IPO exposure through listed proxies such as Amazon, Google, TSMC and Samsung. The LRS limit can constrain meaningful overseas exposure.