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Aussie Retailers Get Slice of $1.4T AI Giant IPO
11 Nov
Summary
- Australian investors can buy Anthropic shares starting Wednesday.
- The AI giant's IPO targets a valuation of $1.4 trillion.
- Offer price will be determined after investor applications are received.
Australian retail investors have gained direct access to shares in artificial intelligence leader Anthropic PBC's initial public offering, a significant event aiming for a $1.4 trillion valuation.
Individual traders in Australia can begin purchasing shares starting Wednesday through designated participating brokers. This offering, which is slated to conclude on November 17, will see shares commence trading on Nasdaq on November 20. Anthropic aims to raise up to $90.4 billion through the IPO and a private placement, with individual shares marketed between $70 and $78.
Australia is among the select few nations outside the United States, including Japan, Canada, and parts of Europe, where investors can directly acquire Anthropic shares. Macquarie Group Ltd. and Commonwealth Bank of Australia's CommSec unit are facilitating the Australian offering, with CommSec acting as the lead retail broker.
Uniquely, Anthropic's final offer price will be set after investor applications are processed, unlike most Australian IPOs. The expected determination date for the final price is November 19, Sydney time. Recent adjustments to Australia's capital gains tax discount policy will influence the purchase and sale of these shares, with new rules applying to gains accrued after July 1, 2027.
