Research: Anthropic’s retail buying on listing day may break SpaceX record

Financial market research firm Vanda Research estimates that the amount of retail investor purchases attracted by the initial public offering (IPO) of U.S. artificial intelligence (AI) developer Anthropic may surpass SpaceX and rank among the highest single-day retail investor purchases in history.

Reuters reported that Vanda Research released a report today predicting that Anthropic's retail buying on its first day of listing will reach approximately US$250 million, more than double the US$118 million retail buying during the IPO of SpaceX (a U.S. space exploration technology company).

Vanda Research's estimate is based on historical retail trading records on the first day of stock listing, as well as Anthropic's pre-IPO perpetual futures (pre-IPO perpetual future) trading volume on the Hyperliquid platform.

Pre-IPO perpetual futures are derivatives with no expiration date that allow investors to bet on the valuation of unlisted companies. They appear on trading platforms such as Hyperliquid and Coinbase.

Viraj Patel, global general economic strategist at Vanda Research, said in a report: "Judging from the pre-IPO perpetual futures trading situation, Anthropic's IPO retail participation is expected to set a record."

Vanda Research pointed out that since 2024, only 6 stocks have exceeded US$250 million in single-day retail buying. Anthropic may attract retail buying of the same size on its first day of listing.

Anthropic's IPO target valuation is US$1.4 trillion, and its shares are expected to begin trading on the Nasdaq market in the United States on the 19th of this month. (Compiled by: Zhang Zhengqian)