Anthropic's pre-market perpetual contracts jumped more than 10% in nearly six hours, trading at a roughly 37% premium to the upper end of its IPO price range.
18 minutes ago
On Trade.xyz, Anthropic’s IPO pre-market perpetual contract (xyz:ANT) has surged over 10% in nearly six hours, currently quoted at around $106.7, with a 24-hour gain exceeding 8.6%. The contract trades at a roughly 37% premium to the upper end of the company’s newly announced IPO price range of $70–$78, corresponding to an implied listed valuation of approximately $1.4 trillion and a fully diluted valuation of around $1.92 trillion. Earlier market reports noted that Anthropic’s blockbuster IPO was oversubscribed several times. Yesterday, Anthropic officials stated the company aimed for a $1 trillion valuation in its IPO, and was seeking a fully diluted valuation of $1.4 trillion. Anthropic expects to set its IPO price next Wednesday, with trading set to begin the following Thursday. The Anthropic IPO pre-market perpetual contract on Trade.xyz references one Class A common share of Anthropic, PBC (Nasdaq ticker: ANT), and operates in the pre-listing market, reflecting the market’s assessment of its expected share price. Trade.xyz added that once Anthropic officially goes public, the contract will convert into a standard XYZ perpetual contract.
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