Anthropic IPO could draw record retail buying, Vanda Research says

Advertisement Business Anthropic IPO could draw record retail buying, Vanda Research says 12 Nov 2026 01:23AM Bookmark Bookmark Share WhatsApp Telegram Facebook Threads Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST. Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST (Refiles to widen distribution) Nov 11 : Anthropic could see record buying by retail investors in its market debut, potentially surpassing SpaceX and making it one of the biggest single-day retail purchases in history, Vanda Research said in a note on Wednesday. The research firm expects Anthropic's debut to attract about $250 million in net retail buying, based on its analysis of retail activity on listing days and the volume of its pre-IPO perpetual futures traded on Hyperliquid. This would be twice SpaceX's IPO record of $118 million in retail buying. "Judging by pre-IPO perp trading, Anthropic is shaping up to be a record retail IPO," Viraj Patel, global macro strategist at Vanda Research said, in the note. CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Pre-IPO perpetual futures are a type of derivative contract which trade on exchanges like Hyperliquid and Coinbase, and allow traders to bet on private companies' valuation. They have no direct link to the underlying shares but are priced with reference to the company's latest disclosed pre-IPO valuation. Only six stocks have topped $250 million in single-day retail buying since 2024, the data firm added. "Anthropic next week could draw the kind of retail buying that we've rarely seen in our data," Vanda said. Anthropic is targeting a valuation of up to $1.4 trillion in its IPO, with shares expected to start trading on the Nasdaq on November 19. Source: Reuters Newsletter Week in Review Subscribe to our Chief Editor’s Week in Review Our chief editor shares analysis and picks of the week's biggest news every Saturday. Sign up for our newsletters Get our pick of top stories and thought-provoking articles in your inbox Subscribe here Get the CNA app Stay updated with notifications for breaking news and our best stories Download here Get WhatsApp alerts Join our channel for the top reads for the day on your preferred chat app Join here Advertisement Also worth reading Content is loading... Advertisement Expand to read the full story Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST