Why Anthropic's blockbuster IPO is getting a muted reception in Korea
Anthropic's planned initial public offering (IPO) is drawing a muted response in Korea despite expectations it could raise a record-high $90.4 billion, as local brokerages and asset managers shy away from the deal following fallout from SpaceX's IPO, industry officials said Sunday. There were no Korean brokerages among the 22 underwriters named in Anthropic's S-1 registration statement filed with…
Anthropic's anticipated initial public offering (IPO) is receiving a subdued response in South Korea. This comes despite projections that the stock sale could raise a record-high $90.4 billion. Local brokerages and asset managers are showing reluctance towards the deal, in light of the fallout from SpaceX's IPO, according to industry officials.
None of the 22 underwriters mentioned in Anthropic's S-1 registration statement with the U.S. Securities and Exchange Commission are based in Korea. Consequently, Korean retail investors are unlikely to have direct access to shares from the IPO. However, they can still invest through exchange-traded funds (ETFs). Major asset managers such as Mirae Asset, KB, NH-Amundi, and Samsung Asset Management have launched a series of related ETFs since the announcement of Anthropic's IPO plan.
These funds include provisions enabling index committees to consider adding AI companies like Anthropic once they make their public debut in the U.S. Despite this, asset managers are adopting a cautious stance when launching and promoting these products, focusing more on broader investment themes such as U.S. technology and large language models.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
