Anthropic IPO could draw record retail buying, Vanda Research says

Investing.com reports that retail investors are expected to play a significant role in Anthropic's (ANT) upcoming IPO. Vanda Research’s Viraj Patel predicts that first-day retail buying could reach $250 million, nearly double the record $118 million set by SpaceX (SPCX). Patel also anticipates around $1.4 billion of retail turnover on the first day of trading.

The $250 million figure represents about 0.4% of the $64.4 billion IPO range, while the $1.4 billion turnover is approximately 2.2% of the total. With the IPO priced between $70 and $78 per share, Anthropic has a fully diluted valuation of about $1.4 trillion, according to Bloomberg estimates, with some calculations reaching up to $1.02 trillion.

Retail investors are anticipated to be a loud but small portion of the supply on day one. NVIDIA experienced $617 million of retail net buying on its previous IPO, which occurred on a day when the stock dropped about 5.9% amid a CPI shock. As of November 11, NVIDIA is trading at $176.60, up 4.57%. The S&P 500 and PHLX Semiconductor index showed positive gains on the same day, indicating a bullish market sentiment. The S&P 500 VIX has dropped to 17.76, signaling a lessening of risk anxiety before the IPO.