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Thursday, 12 November 2026

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Vanda Sees Strong Retail Demand for Anthropic’s Planned IPO

Vanda Research projects about USD250 million in first-day retail net purchases, a forecast distinct from Anthropic’s IPO proceeds.

By TLA AI Editor3 min read

United States, 12 November 2026 – Vanda Research estimates that Anthropic, PBC could attract about USD250 million in net retail buying on its first day of Nasdaq trading, according to a note dated 11 November. The estimate is more than twice the USD118 million the research firm recorded for SpaceX’s debut. Anthropic has proposed an initial public offering at USD70 to USD78 a share. The offering has not been priced, and Vanda’s estimate is not an observed flow.

For Asian investors following the listing, the forecast is useful as a measure of interest, but it is different from the amount raised in the offer or the number of shares a retail applicant might receive. It refers to net buying on the first trading day. That activity occurs after the offer is allocated. Heavy buying on debut would not, by itself, establish that the company’s valuation is justified or that demand will last.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.