Anthropic IPO priced at $70 to $78 ahead of 19 November Nasdaq listing

What is being offered

Anthropic, the AI lab behind the Claude models, is preparing a listing on the Nasdaq with an expected price range of $70 to $78 per share, according to Cryptoast. The first day of trading is scheduled for 19 November. The outlet describes it as the first major American AI lab to list on Wall Street.

Retail investors in France, Switzerland and several other European countries will be able to subscribe, Cryptoast reports. Because the shares trade on the Nasdaq, orders go through an ordinary securities account (compte-titres ordinaire) rather than a crypto account.

Who distributes the shares

Anthropic has published a list of intermediaries authorised to distribute its shares to retail clients, according to Cryptoast. In France the list includes traditional banks BNP Paribas and Crédit Agricole, online brokers Trade Republic and DEGIRO, and the neobank Revolut, as well as eToro, Saxo and Interactive Brokers.

The platforms have not yet published fee schedules specific to Anthropic, Cryptoast writes, so it lists the fees they charge on US shares as a reference. Examples include 0.50% of the amount at BNP Paribas with a €15 minimum, 0.60% at Crédit Agricole with a €14 minimum depending on the regional fund, and €1 per order at Trade Republic. Because the IPO price is set in dollars, currency conversion costs apply as well: on a €2,000 subscription, a 1% conversion fee is €20.

Exact terms, including the subscription window and minimum amounts, are to be confirmed by each platform in the days before the operation, the outlet says.

Allocation is not guaranteed

Subscribing does not guarantee receiving shares. Cryptoast points to the SpaceX IPO, where demand far exceeded supply and many retail investors received only part of what they ordered, and says a similar situation is possible for Anthropic given the level of interest.

Some platforms also set minimum amounts; for SpaceX, eToro asked British clients for at least $750, according to the article. Funds committed in an oversubscribed offering are not lost but are generally locked until the allocation is made.

Cryptoast notes that some content and links in its article may be advertising or affiliate links.