Anthropic IPO: How To Buy Shares From India; Check IPO Price, Listing Dates & Tax Rules

Anthropic IPO is going to become one of the biggest public offerings in the global technology sector, giving investors an opportunity to own a stake in the AI company behind Claude.

Anthropic, the artificial intelligence company founded by Dario Amodei and Daniela Amodei, is preparing for its proposed public market debut with a massive share offering.

The company has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol ANT. Goldman Sachs is among the lead book-running managers, alongside Morgan Stanley, JPMorgan, Citigroup and other major financial institutions.

The Price Band for the Anthropic IPO is $70-$78 per share. Anthropic is expected to finalise its IPO price on November 18th with shares scheduled to begin trading on the Nasdaq Global Select Market on November 19th.

Anthropic IPO: How Much Money Does The Company Plan To Raise?

At the upper end of its proposed price band of $78 per share, Anthropic's offering of 825 million shares could raise approximately $64.35 billion before expenses.

The offering includes both fresh shares and shares sold by existing shareholders. Anthropic itself is offering 801.35 million shares, while existing shareholders are selling approximately 23.65 million shares.

Apart from the public offering, Anthropic has entered into agreements for a separate $26 billion private placement of its non-voting Class N shares. The participating strategic investors include Google, Microsoft, Nvidia, AMD, Broadcom, Micron and TSMC Partners.

Anthropic IPO Valuation: How Much Is The AI Company Worth?

Anthropic's proposed IPO is in the spotlight because of the company's massive valuation expectations.
Based on approximately 13.09 billion shares outstanding, the proposed price range of $70 to $78 implies an equity valuation of roughly $917 billion to $1.02 trillion, as per reports.

How Can Indians Buy Anthropic IPO Shares?

Indian investors cannot subscribe to the Anthropic IPO through conventional domestic IPO application platforms because the company is listing on Nasdaq and not on Indian stock exchanges.

However, resident Indians can invest in eligible overseas securities through the RBI's Liberalised Remittance Scheme.
The RBI permits resident individuals to remit up to $250,000 per financial year under LRS for permitted transactions, including overseas investments.

Here is how Indian investors can potentially buy Anthropic shares:

1. Investors need an overseas brokerage account or an Indian investment platform that provides access to US-listed stocks. They should check whether their broker supports trading in newly listed US companies, including Anthropic.

2. Investors must complete the brokerage platform's identity verification, documentation and tax-related formalities.

3. Money can be transferred from an Indian bank account to the overseas brokerage account through an authorised banking channel under the RBI's LRS framework. The annual remittance limit is $250,000 per resident individual, covering eligible transactions under the scheme.

4. For most Indian retail investors, purchasing shares after the public listing may be the more practical option. Once trading begins, investors can search for Anthropic using its proposed ticker symbol ANT and place a buy order through a supported international brokerage account.