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 highly anticipated initial public offering (IPO) is receiving a lukewarm response in South Korea, despite projections that it could generate a record-breaking $90.4 billion. Local brokerages and asset managers have shown reluctance in backing the deal, citing the fallout from SpaceX's IPO as a cautionary tale. The registration statement filed by Anthropic with the U.S. Securities and Exchange Commission lists no Korean brokerages among the 22 underwriters.
Consequently, Korean retail investors are unlikely to be able to purchase shares through the IPO. However, they will still have the option to invest via exchange-traded funds (ETFs). Major asset managers in South Korea, such as Mirae Asset, KB, NH-Amundi, and Samsung Asset Management, have already launched a series of ETFs tied to Anthropic.
These funds include provisions for index committees to consider adding AI companies like Anthropic to the funds once the company goes public in the U.S. Despite the availability of these ETFs, asset managers are exercising caution in promoting and launching them, focusing instead on broader investment themes, including 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.
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