# Vanda Research Projects $250 Million in Anthropic IPO-Day Retail Buying

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/55406
Published: 2026-11-12T12:56:42.000Z
Updated: 2026-11-12T12:56:42.000Z
Section: Business

> The forecast uses listing-day retail trading patterns and pre-IPO perpetual futures activity on Hyperliquid; it is not a count of completed purchases.

Anthropic could attract about $250 million in net retail purchases on its first trading day, Vanda Research estimated, roughly twice SpaceX’s previous $118 million mark.

The projection combines patterns in retail trading on listing days with trading volume in Anthropic pre-IPO perpetual futures on Hyperliquid.

The $250 million figure is a forecast of potential first-day buying, not a tally of completed purchases.