Observed Signal · Nov 12, 2026 · IPO · Source: Trending Topics (DACH/CEE Innovation & Tech) · Impact: 4/5 · Sentiment: Positive
Anthropic IPO: Trade Republic, Revolut, Scalable Offer Shares
Anthropic's upcoming IPO on Nasdaq under ticker 'ANT' will offer 825 million Class A shares priced between $70 and $78, aiming to raise up to $64.4 billion (or $74 billion with overallotment). Nvidia, Google, and Microsoft are additionally investing $26 billion in a private placement. European retail investors can participate through platforms like Trade Republic, Scalable Capital, Revolut, and flatexDEGIRO, though allocation is not guaranteed and expected to be low (single-digit to low-double-digit fulfillment rates), as seen with SpaceX. Austria and Italy are excluded, forcing local investors to buy on the open market. The IPO is priced on November 18, with trading commencing November 19. Critics raise governance concerns due to limited voting rights for Class A shareholders and potential post-IPO volatility from loose lockup periods.
Anthropic's IPO is a major event for the AI industry, involving significant capital and attention from major tech investors, and it signals the rapid growth and financialization of the AI sector.
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Key Takeaways & Evidence Grounding
- Anthropic plans an IPO on Nasdaq under ticker 'ANT' on November 19, pricing on November 18.
- The offering includes 825 million Class A shares priced between $70 and $78, aiming to raise up to $64.4 billion (or $74 billion with overallotment).
- Nvidia, Google, and Microsoft are investing an additional $26 billion in a private placement.
- European retail clients of Trade Republic, Scalable Capital, Revolut, and flatexDEGIRO can participate, but allocation is likely limited (5-15% fulfillment).
- Austria and Italy are excluded from the retail offering; investors there must buy on the open market after listing.
Connected Companies & Entities
“Anthropic is conducting its IPO on Nasdaq, offering Class A shares.”
“Trade Republic is one of the brokers offering Anthropic IPO shares to its clients.”
“Revolut offers access to the Anthropic IPO.”
“Scalable Capital is another broker included in the IPO allocation.”
“flatexDEGIRO is part of the official list of brokers for the IPO.”
“Nvidia is participating in a $26 billion private placement in Anthropic.”
“Google is also investing in Anthropic's private placement.”
“Microsoft is part of the group investing in Anthropic.”
“SpaceX's IPO in June set a precedent for Anthropic, raising $85.7 billion.”
“Bitpanda will not provide access to the offering.”
“BNP Paribas is a participating broker.”
“Deutsche Bank is among the brokers on Anthropic's official list.”
“UBS is also included in the official IPO list.”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Anthropic Sets IPO Price Range of $70-$78, Eyes Nov. 19 Trading
Anthropic, the AI company behind the chatbot Claude, has set its IPO price range at $70-$78 per share for 825 million Class A shares (801.4 million from Anthropic and 23.6 million from existing shareholders), targeting up to $64.4 billion in gross proceeds. This is slightly less than SpaceX's record IPO in June. Combined with a $26 billion private placement from AMD, Broadcom, Google, Micron, Microsoft, Nvidia, and TSMC, the total potential raise reaches $90.4 billion, with a fully diluted valuation of up to $1.405 trillion (a 46% increase over its last private valuation). The IPO, the largest of the year, begins trading on Nasdaq under 'ANT' on November 19. As of October, Anthropic reports run-rate revenue of $81 billion, Q3 revenue of $16.96 billion (up 47% QoQ), and a nine-month net loss of $104 billion. Proceeds will cover compute commitments (Amazon and Google provide nearly $900 billion in capacity); however, protestors warn of risks if the AI bubble bursts. Additionally, Anthropic launched faster and cheaper models, Claude Fable 5.2 and Claude Mythos 5.2.
Anthropic IPO: 10 Stocks to Buy Before Listing
Anthropic has selected Nasdaq for an IPO that could value it at $2 trillion or more, potentially making it the largest IPO in history with a raise of up to $100 billion. The company reported Q2 revenue of $11.5 billion, a 14-fold increase year-over-year, with annualized revenue reaching $65 billion by end of July. Gross margins exceed 80% before revenue sharing and training costs. Bankers have discussed a raise of up to $100 billion, and the company has shared its prospectus with a select group of investors before making it public. The article lists ten stocks to buy before the listing, focusing on companies with existing equity stakes or compute contracts with Anthropic. It also notes a call from Dario Amodei to slow AI model capability improvements, which could affect training compute demand.
Anthropic IPO Excludes Austria Due to Prospectus Gap
Austrian retail investors are excluded from subscribing to Anthropic's IPO shares at the offer price through brokers like Trade Republic, Scalable Capital, Revolut, and flatexDEGIRO. The German financial regulator BaFin approved the European prospectus, but it was not notified to Austria's FMA, preventing the offer from being extended there. The prospectus covers nine EU/EEA countries, plus Switzerland, UK, Australia, Canada, and Japan. Around 1.8 million Austrian shareholders are affected, similar to the SpaceX IPO in June. Austrian investors will have to wait until the shares trade on the Nasdaq, expected next week, to buy them at market price on regular exchanges.
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