Anthropic IPO Access

IPO Access is a subscription channel provided by Gate that allows users to participate in offerings ahead of time. Before a target company is officially listed on an exchange, users can submit subscription indications at a reference price to secure a potential allocation.

The final IPO price depends on market demand, valuation, and the book-building results. The price displayed during the subscription period is a reference range. If the final price deviates from the reference price by no more than 20%, we will automatically proceed with your allocation. If the deviation exceeds 20%, we will initiate a secondary confirmation process to ensure that you can make an informed decision.

After the company is officially listed, Gate will credit the allocated shares to your Stock Account based on the final offering price and subscription ratio. The exact crediting time is subject to Gate's official announcement.

IPO stocks are typically subject to high volatility during the initial listing period, which may result in a decline in asset value or even losses on subscription funds. Please note that Gate only provides a subscription channel and does not endorse any securities offering. The issuing company is solely responsible for its business performance, financial condition, and compliance risks.

Yes. This Anthropic IPO Access offering applies tiered underwriting service fees based on each user's cumulative total investment: 5% on the actual allocation corresponding to the first 50,000 USDT invested, and 10% on the actual allocation corresponding to any amount exceeding 50,000 USDT. Fees are charged only on the amount allocated; no fee applies to the unallocated portion.

If the platform ultimately receives no allocation, users will receive a subsidy calculated at a 10% APR on their indicative subscription funds. The subsidy will be calculated based on hourly snapshots of the subscription amount from the start of the subscription period until the platform confirms that no allocation has been received and credited to your Spot Account together with the returned funds. Any individual subsidy amount below 0.5 USDT will not be disbursed. - For example, if a user invests 100,000 USDT and ultimately receives an allocation of 40,000 USDT, the remaining 60,000 USDT will be returned to the user's original account, with no interest subsidy. If the platform ultimately receives no allocation, the full 100,000 USDT will be returned, along with an interest subsidy calculated in accordance with the applicable rules.

Anthropic's reference valuation varies depending on whether it is calculated based on issued shares or fully diluted shares. The estimated valuation based on issued shares is USD 920 billion–1.02 trillion, while the fully diluted valuation is USD 1.26 trillion–1.4 trillion. These figures are indicative only and will be updated once the official valuation and relevant share capital information are announced.