Anthropic

1 days agoNews Editor

Anthropic’s Nasdaq listing faces a rougher path as Blackstone reportedly sees a BB rating

Anthropic is still expected to list on Nasdaq in the coming weeks, but the market backdrop has deteriorated quickly since its public filing. CNBC reported on Oct. 31 that earnings from key partners Microsoft, Google and Amazon deepened investor concerns over the scale and funding of AI infrastructure spending. In the same week, the Financial Times reported that Blackstone told investors Anthropic may not receive an investment-grade credit rating after listing, with TechCrunch citing expectations for a BB-range rating. The company’s filing has already given skeptical investors plenty to examine. Anthropic disclosed an $80 billion net loss for the first half, hundreds of billions of dollars in computing-related commitments, and more than 90 pages of risk factors, while investors are still waiting for third-quarter results. Bloomberg Tax also reported that the filing showed nearly $900 billion in future payment obligations. Earlier reporting on the S-1 broke that figure into about $321.4 billion in uncommenced compute leases, roughly $265.6 billion in minimum commitments tied to cloud and related contracts, and about $245 billion in minimum payment obligations from contracts signed or amended after June 30. Even so, some still see Anthropic as the defining IPO test case in a market that CNBC said has largely frozen since SpaceX’s record June debut.

100

Wonder

1 days agoNews Editor

Wonder tops $3 billion in funding, lines up creator food platform launch as IPO plans take shape

Food-tech startup Wonder has raised more than $3 billion and reached a valuation above $9 billion, with Google Ventures listed among its backers. In an interview cited by CNBC, the company described a model that combines automated kitchen operations, physical food halls and a delivery platform under one vertically integrated system. Wonder has also spent more than $1 billion on acquisitions, including Blue Apron for $103 million and GrubHub for $650 million, while expanding its operating footprint to 170 locations. The company said it bought kitchen automation maker Spice for $186 million at the end of 2025, adding an "Infinite Makeline" system that can handle 68 prepared ingredients and produce as many as 500 meals an hour. Wonder plans to launch WonderCreate in November, allowing individual users to build food brands for a $10 monthly fee and share in revenue, while the company continues moving toward an initial public offering.

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Anthropic

1 days agoNews Editor

Anthropic pre-IPO perpetuals on Hyperliquid imply roughly $1.8 trillion valuation

Anthropic has not gone public yet, but two perpetual contracts tied to its prospective listing price are already trading on Hyperliquid. According to CoinDesk, trade.xyz’s ANT contract, which tracks one share of Anthropic Class A common stock and settles in USDC, opened at about $138 at 9 a.m. ET on Oct. 31 and fell to around $110 by roughly 11:50 a.m. ET. A separate contract, ANTH from Entropy, is quoted on a valuation basis, where each $1 represents $1 billion in company value. At the time cited by CoinDesk, ANTH traded near 1,880, implying a valuation of about $1.9 trillion. By noon Taipei time on Nov. 1, Hyperliquid market data showed ANT at about $113 and ANTH at about 1,806, or roughly $1.8 trillion. CoinDesk also noted Anthropic’s May private round valued the company at $965 billion post-money, while the Financial Times reported investors expected an IPO valuation of $1.5 trillion to $1.75 trillion. The contracts do not convey equity ownership or shareholder rights, and Anthropic has warned that any stock transfer not approved by its board is invalid.

80

BiFu

1 days agoNews Editor

BiFu lists Anthropic Pre-IPO trading ahead of planned Nasdaq debut

BiFu said it launched Anthropic Pre-IPO trading in its trading section at 20:00 on Oct. 31. Anthropic had publicly filed its S-1 registration statement on Oct. 26 and plans to list on Nasdaq under the ticker ANT, with trading expected to begin in mid-November. Market expectations cited in the source say the IPO could value Anthropic at more than $2 trillion. The fundraising size is also seen as potentially topping the record set by SpaceX in June this year, which would make it the largest IPO by fundraising size globally. BiFu also said it plans to add more Pre-IPO assets from other companies, giving users a way to trade before those firms go public.

70

Trade.xyz

1 days agoNews Editor

Trade.xyz’s ANT contract for Anthropic IPO bets drops about 20% in first hour

Trade.xyz has launched a new ANT contract on Hyperliquid, giving traders a way to place leveraged bets tied to Anthropic’s IPO. According to CoinDesk, the contract fell about 20% during its first hour of trading. The product does not represent ownership of any underlying Anthropic shares, and there are no actual shares backing the contract. CoinDesk also reported that U.S. traders are not allowed to access the market. The launch shows that crypto-native venues are already offering speculative instruments linked to a potential public listing, even without direct equity exposure. In this case, traders are using a contract rather than stock, with price action starting off sharply lower shortly after trading began.

80

OPay

1 days agoNews Editor

OPay rings NYSE opening bell, records zero trades, then halts $304 million IPO

OPay, the Nigeria-based payments company backed by SoftBank, rang the opening bell at the New York Stock Exchange on Oct. 30 but did not record a single trade during the session. The NYSE later halted the stock at 3:30 p.m. Eastern Time with a notice saying pending news. One day later, OPay said it had terminated its underwriting agreement after a regulatory inquiry emerged in a jurisdiction the company described as non-core, stopping its planned $304 million initial public offering. The company had priced 16 million American depositary shares, or ADSs, at $19 each on Oct. 29, the bottom of its indicated $19 to $21 range. That pricing implied proceeds of $304 million and a valuation of about $4 billion. Bloomberg, as cited by Nairametrics, reported that NYSE social media had posted a video of OPay executives ringing the bell, though the post was later no longer visible. By 2 p.m. Eastern on Oct. 30, the reference opening price was indicated at $16.25 to $16.75, below the IPO price. OPay said its operations in Nigeria, Indonesia, Egypt and Pakistan remain normal and that the matter is unrelated to its business performance, financial condition or regulatory standing.

60

Anthropic

2 days agoNews Editor

Anthropic may carry a high-yield rating after IPO, with listing possible as early as November

Anthropic may enter the public market with a high-yield, or junk, credit rating rather than an investment-grade profile, according to a Techub News brief citing CoinPedia. The report said the company could go public as early as November. It also said Blackstone told investors that Anthropic is unlikely to secure an investment-grade rating immediately after listing. That view stands even as the company is tied to an AI spending plan valued at $800 billion. The update focuses on the expected credit profile around a potential IPO rather than offering details on pricing, valuation, or exchange venue, none of which were disclosed in the source brief. The report attributes the information to CoinPedia.

80

Anthropic

2 days agoNews Editor

Anthropic discloses nearly $900 billion in future infrastructure commitments in IPO filing

Anthropic PBC said in its IPO filing that it expects to commit nearly $900 billion to future spending on servers, buildings and power as it accelerates its infrastructure buildout. The figure sits well above the liabilities that investors can directly see on the company’s balance sheet, according to the report. Details of the planned spending appear in the notes to Anthropic’s financial statements rather than in the headline balance-sheet figures. Those off-balance-sheet obligations include future lease contracts and purchase agreements tied to data centers, power and GPUs. David Trainer, chief executive of investment research firm New Constructs, described these commitments as a large form of what he called “hidden debt.” He said the company must spend heavily on training, inference and energy, pointing to the scale of capital required to support Anthropic’s AI operations.

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