Help & support
Information when you need it.
Understand your account, the order process, and where to find the offering documents.
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Open the purchase from Activity to see its payment instructions. After sending payment, submit the transaction reference for the project team to review. Your allocation updates once the payment is approved. Test orders are labeled and do not add to your live balance.
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Use the exact asset, network, amount and receiving address shown in your saved order. Include the XRP destination tag when one is shown. Do not send a new payment after the instructions expire; report any transfer you already sent for review.
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Before you participate
The details come first.
- Instrument
- Tokenized structureIssuer Anthropic, PBC Legal form Delaware public benefit corporation (incorporated January 2021) Relationship to underlying interest Direct equity — the shares are Class A common stock of Anthropic, PBC itself. No wrapper, derivative, or intermediate vehicle; the stock is the underlying interest.
- Investors
- Amazon, Google (Alphabet), Microsoft, co-foundersAmazon and Google hold non-voting Class N stock; Amazon's $6.2B in convertible notes convert at IPO subject to a 12% ownership cap, Google's stake capped at 14.99%. Neither holds a board seat. Microsoft's stake class and percentage are undisclosed. Co-founders control 50.1% of voting power via a single Class F share held by Founder LLC.
- Price & issue size
- $1.2T–$1.5T valuation; raise up to ~$100B.A price-range amendment is the next expected filing before the roadshow. Reference point: Series H-1 preferred priced at $589.01/share. Japan allocation capped at ~$3.5B; up to 20% of shares earmarked for retail .
- Eligibility
- Available worldwide, excluding China, Russia, and Iran.Permitted jurisdictions, investor categories, and verification requirements.
- Settlement & custody
- To be confirmedUsers are responsible for ensuring compliance with all applicable local laws and regulations, including financial, tax, and reporting obligations in their respective jurisdictions. Eligibility and participation are subject to local legal and regulatory requirements.
- Transfers & liquidity
- Staggered lockup — 23 release dates across 12 months; up to 10% of employee shares tradable from day one.Pre-IPO: all transfers require board approval; SPV transfers void. Post-IPO, four holder groups on different schedules: (1) non-founder directors/officers/employees — 10% day 1, +35% after FY26 results, rest at earlier of Q1'27 results or day 180; (2) other holders — staged 6–7% tranches on days 27/48/62/76, +12.5% after FY26 results, rest at day 180 or Q1'27; (3) >0.5% holders — small tranches from day 27, full release at earlier of Q3'27 results or day 365; (4) co-founders — 29% at earlier of Q1'27 results or day 180, rest at day 365 or Q3'27. Class N converts to Class A on qualifying transfer. No dividends expected. Underwriters may release lockups early at their discretion.
A place for the full picture.
Explore the draft offering terms and risk disclosures, with public company references alongside them. The drafts outline the proposed experience; final terms remain to be confirmed.
Offering documents
Tokenized offering termsThe instrument, rights, eligibility, pricing, and settlement process for this offering.Read draft · Preview contentRisk & transfer disclosuresThe risks, restrictions, custody arrangements, and transfer conditions participants need to understand.Read draft · Preview contentPublic company references
Anthropic IPO announcementCompany announcement dated 26 October 2026 concerning its proposed Class A stock IPO.Read reference · External siteSEC preliminary prospectusForm S-1/A filed 2 November 2026. Public equity offering reference; subject to completion.Read reference · External siteA public stock filing does not define the rights of a separate tokenized instrument. Registration and a portal estimate do not establish eligibility, share ownership, or an allocation.