Anthropic Sets Historic IPO Price Range While Indian Investors Face Direct Allotment Limits

AI firm Anthropic is preparing for its stock market debut with an IPO price range set at $70 to $78 per share for 825 million shares of Class A common stock on the Nasdaq under the ticker symbol ANT. The company is targeting a valuation of up to $1.4 trillion and plans to raise as much as $64.4 billion, which could make it one of the largest offerings in stock market history.

Access Limits

Despite the massive scale of the offering, Indian investors face a key limitation because India is not included in Anthropic's proposed international retail IPO programme. According to the company's retail brokers and selling agents list on its Claude Help Centre, the retail offering is restricted to Australia, Canada, Japan, the UK, Switzerland, and nine European countries, while no other firms are authorised in India to facilitate access to shares.

Alternative Options

Indian investors who miss out on the direct IPO allotment can still buy Anthropic stock once trading begins on the Nasdaq on November 19. Such purchases require using international brokerage platforms and complying with the Reserve Bank of India's Liberalised Remittance Scheme, which allows residents to remit up to $250,000 per financial year for approved overseas transactions under FEMA and relevant regulations.

Context

Participating in a primary public offering before a company lists on a public exchange involves different rules and platform access than buying shares on the secondary market after trading begins. Overseas investments from India are strictly regulated through specific annual remittance caps and foreign exchange management laws to monitor cross-border capital flows.