Cryptocurrency exchange Bitget launched subscription rounds Tuesday for tokenized shares linked to artificial intelligence firm Anthropic ahead of the company’s planned initial public offering on Nasdaq.
- The offering, conducted through the platform’s IPO Prime service, allows users to commit dollar-pegged stablecoins to purchase synthetic claims designated as rANT tokens.
- The mechanism provides traders indirect exposure to pre-listing shares without requiring an account at a traditional stock brokerage.
- Subscriptions are divided into two phases and accept USDT or USDGO stablecoins, with a minimum commitment of $100.
The VIP round runs from Nov. 5 to Nov. 9. The phase has a total allocation ceiling of $1 billion, an individual participant maximum of $3 million and an upfront platform fee of 12%. Settlement of the underlying assets is scheduled three to five business days after Anthropic completes its public debut.
A secondary public round opens Nov. 10 and runs until 24 hours prior to the listing date. That phase features a $200 million platform cap, an individual limit of $25,000 and a 5% upfront fee. Bitget stated that unallocated subscription capital from either round will be returned to participants.
Under the offering structure, designated brokerage and custody partners will hold the underlying equity shares, while Bitget issues corresponding digital rANT tokens to verified accounts.
“For years, IPO opportunities have been largely reserved of institutional investors and wealthy clients,” Bitget Chief Executive Officer Gracy Chen said in a statement. “Through IPO Prime, we’re making it easier for more people to access opportunities that were previously out of reach.”
Anthropic submitted its initial public offering registration on Oct. 26 and filed an amended prospectus on Nov. 2. A final valuation and formal share price have not been established.
The Anthropic allocation marks the third pre-listing product hosted by Bitget, following previous tokenized vehicles tied to SpaceX and OpenAI.
Disclosure: AI is used to assist in developing this article.
This article is published on BitPinas: Bitget Opens Anthropic Pre-IPO Token Subscriptions on Platform
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