Anthropic IPO could draw record retail buying, Vanda Research says

Anthropic could see record buying by retail investors in its market debut, potentially surpassing SpaceX and making it one of the biggest single-day retail purchases in history, Vanda Research said in a note on Wednesday.

The research firm expects Anthropic’s debut to attract about $250 million in net retail buying, based on its analysis of retail activity on listing days and the volume of its pre-IPO perpetual futures traded on Hyperliquid. This would be twice SpaceX’s IPO record of $118 million in retail buying.