Over 10% Gain in the Past 6 Hours: Anthropic Pre-IPO Perpetual Futures Trade at Roughly 37% Premium to the Upper End of the IPO Price Range

Odaily: Anthropic's pre-IPO perpetual futures have risen more than 10% over the past 6 hours and are currently quoted at about $106.7, up over 8.6% in 24 hours. The contract trades at a premium of roughly 37% to the upper end of the company's newly announced IPO price range of $70 to $78, corresponding to an implied listing valuation of about $1.4 trillion and a fully diluted valuation of about $1.92 trillion. Anthropic said yesterday that it plans to achieve a valuation of about $1 trillion in its IPO and is seeking a fully diluted valuation of $1.4 trillion; the offering price is expected to be set next Wednesday, with trading to begin next Thursday.