JonesTrading Markets Anthropic IPO Allocations in $500 Million Block

Investors seeking shares in Anthropic’s planned IPO are lining up buyers before pricing, as JonesTrading markets up to $500 million in expected allocations with a fee tied to the final offer price.

Buyers in the JonesTrading block would pay an additional 3% to 5% of the final IPO price. The shares would not be subject to a lockup, but each buyer must be approved by the seller and a bank participating in the offering.

A separate seller is marketing more than $1 billion in existing Anthropic shares through a single-layer special purpose vehicle (SPV) that directly holds the stock. That offer carries a separate fee and implies a company valuation of $1.4 trillion to $1.6 trillion. It involves existing shares, unlike the JonesTrading block of expected IPO allocations.

Anthropic is seeking a fully diluted IPO valuation of about $1.4 trillion. Its planned IPO and private placement could raise up to $90.35 billion. The IPO is expected to be priced Nov. 18, with trading expected to begin Nov. 19.