Anthropic pre-market perpetual contracts surged over 10% in the past 6 hours, at a premium of about 37% over the upper limit of its IPO price range.

BlockBeats news, November 11 — On Trade.xyz, the Anthropic IPO pre-market perpetual contract (xyz:ANT) has risen over 10% in the past 6 hours, currently quoted at approximately $106.7, and is up over 8.6% in 24 hours. This represents a premium of approximately 37% over the upper limit of the company's recently announced IPO offering range of $70 to $78, corresponding to an implied listing valuation of approximately $1.40 trillion and a fully diluted valuation of approximately $1.92 trillion.

Earlier market reports indicated that Anthropic's mega IPO was multiple times oversubscribed. Yesterday, Anthropic officially stated that it plans to achieve a valuation of approximately $1 trillion in its initial public offering (IPO). It plans to seek a fully diluted valuation of $1.4 trillion in the initial public offering (IPO). Anthropic expects the IPO to price next Wednesday and begin trading next Thursday.

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