The Battle for Anthropic IPO Tickets: From Selling Bay Area Homes for Stock to Bitget Opening $100 Allocations

Anthropic publicly filed its IPO prospectus with the SEC on October 26, planning to list on Nasdaq under the ticker ANT at an expected valuation of $1.5 trillion to $1.75 trillion, making it one of the most anticipated offerings in global capital markets. The AI company, founded in 2021 by former OpenAI staff, has seen revenue in Q3 2026 alone reach 3.7 times its full-year 2025 total, with Reuters reporting a 2028 revenue forecast of $190 billion to $200 billion. Demand for pre-IPO equity has been so intense that Bay Area homeowners have been trading real estate for Anthropic shares, and allocation at the offer price is expected to be scarce given traditional IPO channels favor institutional clients. Crypto exchange Bitget is extending its IPO Prime platform to the Anthropic listing, offering subscription rounds on November 5 and November 10 with a $100 minimum, caps of $25,000 for the public round and $3 million for the VIP round, and delivery in rANT tokens backed 1:1 by actual Anthropic shares. Bitget's prior SpaceX and OpenAI Pre-IPO products drew $177 million and $120 million in subscriptions respectively, at roughly 2.9x and 5.7x oversubscription, with related tokens gaining as much as 45.8% and 48.8%. Investors will watch the final allocation ratio—Bitget cites a 40% to 80% historical placement rate through partner channels—alongside subscription fees of 5% for the public round and 12% for the VIP round, and how rANT trades once the shares debut.