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Traders bet on a pop for Anthropic’s historic IPO
Traders in offshore cryptocurrency markets are betting that Anthropic’s shares will rise sharply when it lists this month. The prices of these contracts suggest investors expect the company to debut well above its stated offering range, though predicting an IPO’s first-day performance remains uncertain.
Hyperliquid’s Anthropic contract implies a share price of $98, compared with the $70 to $78 range in the company’s updated filing, and a valuation of about $1.7 trillion. Its two Anthropic trackers recorded roughly $250 million in volume over 24 hours. The contracts began trading at $138 two weeks ago, then fell below $94 during last week’s technology sell-off. OpenAI-linked contracts dropped 7% to imply a $1.27 trillion market value.
In short
- Traders expect Anthropic shares to rise above the planned IPO range.
- Hyperliquid’s contract implies a $98 share price and $1.7 trillion valuation.
- OpenAI-linked contracts fell 7% as Anthropic’s IPO approached.
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