Traders bet on a pop for Anthropic's historic IPO

As Anthropic prepares for its initial public offering, offshore traders are heavily betting on a significant post-debut price increase using pre-IPO perpetual contracts on decentralized exchanges. These contracts imply a market capitalization well above the range announced in the company's S-1 filing, reflecting investor optimism. Meanwhile, perps tracking rival OpenAI saw a decrease in volume and market cap following the news of Anthropic's upcoming roadshow. Open article →