Anthropic pre-IPO perpetual contracts on Trade.xyz break $103, a premium of about 33% over the upper end of the IPO price range.

BlockBeats news, November 11 — Anthropic pre-IPO perpetual contracts on Trade.xyz broke through $103, currently quoted at $103.72, up over 6% in 24 hours. This represents a premium of approximately 33% over the upper limit of the company's latest announced IPO price range of $70 to $78, corresponding to an implied listing valuation of $1.36 trillion and a fully diluted valuation of $1.87 trillion.

The contract is quoted in USD and references one share of Anthropic, PBC's Class A common stock (Nasdaq code: ANT). It currently operates in the pre-listing market, reflecting market expectations for its anticipated share price. Trade.xyz stated that once Anthropic officially lists, the contract is expected to convert to a standard XYZ perpetual contract.

As previously reported, according to the UK's Financial Times citing people familiar with the matter, Anthropic's IPO roadshow has received strong subscription interest, and the underwriting team led by Goldman Sachs and Morgan Stanley is considering raising the issue price above $78 per share, with the fully diluted valuation potentially rising to $1.5 trillion or higher in the coming days. Anthropic is expected to list next week, and the final issue price has not yet been determined.