Anthropic (Pre-IPO) 

ANTHROPIC Price

What is Anthropic (Pre-IPO)?

Anthropic (Pre-IPO) is a synthetic pre-IPO perpetual futures instrument that tracks the implied private-market valuation of Anthropic PBC, the AI company behind the Claude models. ANTHROPIC is not a cryptocurrency — holders get no equity, no shares, and no claim on the company. DropsTab classifies the listing under TradFi.

Is Anthropic publicly traded?

No. Anthropic PBC remains a private company. Anthropic confidentially submitted a draft S-1 to the SEC on June 1, 2026, becoming the first major AI lab to formally enter the IPO process. No public S-1 filing exists yet. The company has said going public will depend on market conditions, and press reports point to a possible Q4 2026 listing window.

What is Anthropic's pre-IPO valuation?

Anthropic's latest disclosed valuation is $965 billion post-money, set by the Series H round announced on May 28, 2026. Anthropic raised $65 billion in that round, led by Altimeter, Dragoneer, Greenoaks, and Sequoia. The company said its run-rate revenue crossed $47 billion in the same month.

How do Anthropic (Pre-IPO) perpetual futures work?

Each Anthropic (Pre-IPO) market is a USDT-margined perpetual futures contract referencing an estimated number of Anthropic shares. Binance's ANTHROPICUSDT contract references roughly 1 billion notional shares, while OKX's ANTHROPIC-USDT-SWAP has undergone at least one rebase — per-venue contract specifications are not comparable one-to-one. Because no arbitrage exists against real shares, the perps can trade at premiums or discounts to any eventual IPO price, and cross-venue price gaps are structural rather than errors.

Where can traders get pre-IPO exposure to Anthropic?

Only derivatives-based exposure exists. Every live Anthropic (Pre-IPO) market is a USDT-margined perpetual on a centralized exchange — there is no spot or decentralized-exchange market for the asset. Positions settle in USDT, and traders cannot hold or withdraw the underlying instrument. Direct private shares remain restricted to venture and strategic investors. A Buidlpad sale event offering Anthropic exposure ran on May 20, 2026.

Does Anthropic (Pre-IPO) have a token supply or vesting schedule?

No. Anthropic (Pre-IPO) has no token, no on-chain contract, and no emission model — the tracked instruments are exchange derivatives, not blockchain assets. No insider or unlock allocation exists for the traded instrument. Allocation risk sits in the underlying private company, where employees and investors hold restricted shares. Contract-level details such as notional share count appear in each exchange's contract specifications.

Who backed Anthropic and how much has the company raised?

DropsTab fundraising data lists 14 disclosed rounds for Anthropic. Series A raised $125 million in May 2021, led by angels Dustin Moskovitz and Jaan Tallinn. Google invested $2 billion in January 2023, and Amazon committed $4 billion in September 2023 — the two hyperscalers remain the largest strategic holders across multiple rounds. No single backer is disclosed as holding more than 20%.

What happened to the Hyperliquid Ventuals Anthropic markets?

The Ventuals pre-IPO markets for OPENAI and ANTHROPIC perps on Hyperliquid wound down on June 15, 2026. Trading halted and all positions auto-settled, with the last settlement at approximately $1,341.80 TWAP, after processing over $650 million in cumulative volume. Those Hyperliquid markets are separate from the centralized exchange perps tracked today — search results about "Anthropic Hyperliquid" refer to the discontinued product.

Why did Anthropic warn against tokenized Anthropic shares?

On May 12, 2026, Anthropic publicly disavowed tokenized and structured products claiming exposure to its private shares, stating unauthorized transfers are void and will not be recognized. The warning targeted tokenized equity wrappers, not the centralized exchange perpetuals tracked on this page. The disavowal defines the legal backdrop for every synthetic Anthropic exposure instrument — perp holders have no recognized shareholder claim on Anthropic PBC.