Insider: Anthropic Investors Reselling IPO Share Allocations Early at 3% to 5% Premium

Odaily reports: According to people familiar with the matter, ahead of Anthropic's upcoming IPO, some investors are preemptively reselling their expected IPO share allocations to other institutions. JonesTrading Institutional Services LLC is representing some investors expected to receive large allocations, marketing a block of Anthropic shares worth up to $500 million, with buyers required to pay an additional 3% to 5% fee on top of the final IPO offering price.

The people said such transactions can help institutions reduce risk on some holdings, and the shares involved are not subject to IPO lock-up restrictions, though buyers still need approval from sellers and the banks participating in the IPO. Separately, another seller is using a special purpose vehicle (SPV) to sell more than $1 billion worth of existing Anthropic shares at a valuation of $1.4 trillion to $1.6 trillion, charging an additional fee. (Bloomberg)