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Anthropic's valuation rebounds to $1.8 trillion after launching IPO roadshow, on-chain trading volume surges to $250 million

Nov 11, 10:44

November 11, according to TradingBeats monitoring, as of press time, io:ANTH deployed by Entropy on Hyperliquid is quoted at 1806 points, up about 9.9% in the past 24 hours, corresponding to an implied fully diluted valuation of Anthropic of about $1.81 trillion. xyz:ANT deployed by Trade.xyz is quoted at $103.91, up about 6.3% in the past 24 hours, about 33% higher than the upper end of the IPO inquiry range of $78.

The two contracts had a combined trading volume of about $248 million in the past 24 hours, with a combined notional value of open interest of about $147 million. Anthropic launched its IPO roadshow last night, planning to issue 825 million shares at $70 to $78 per share. The prospectus also disclosed that seven companies including Google and Nvidia plan to participate in a concurrent private placement totaling $26 billion at the final IPO issue price.

Before and after the disclosure of the offering terms, io:ANTH once fell to 1539.6 points and then rebounded about 17.3%. CNBC, citing people familiar with the matter, said that on the first day of the roadshow, institutional orders within the inquiry range were already sufficient to cover the proposed shares, and market demand provided new support for the valuation recovery.

The largest long position in the Entropy market is still underwater. The address starting with 0x9a80 currently holds a long position of about $14.92 million in io:ANTH, using 5x isolated leverage, with an average entry price corresponding to an implied valuation of Anthropic of about $1.98 trillion. It currently has an unrealized loss of about $1.4 million, and the liquidation price corresponds to a valuation of about $1.31 trillion.

In the xyz:ANT market, an address 0x33b7 opened a new long position of about $2.51 million at an average price of $93.65 during the decline after the terms were disclosed last night, and currently has an unrealized gain of about $270,000.