Kraken lists Anthropic IPO price range of $70 to $78 as ANTx requests run to 18 November

The new numbers on Kraken's page

When Kraken opened Anthropic IPO requests on 10 November, its page gave the deadline and the 5% spread but no price. Checked on 13 November 2026, the same page now shows an initial offering price range of $70 to $78, labelled as an indicative IPO price per share. It lists 825 million Class A common shares on offer and a valuation of $1.4 trillion at the midpoint of the range.

The US view of the page adds the venue: Anthropic is expected to list on Nasdaq on 19 November under the ticker ANT, subject to market conditions. The request table still shows ANTx as open until 18 November.

What it means for an ANTx request

Eligible clients request ANTx, the xStocks tokenized version of the share, at the offering price plus a 5% spread, and Kraken says other fees may apply. The range is indicative: the final IPO price is set on listing day, and the spread is charged only on the part of a request that is actually filled.

Nothing else about the process has changed. Requests run until 18 November at 17:00 UTC, funds are reserved rather than debited, and you can cancel but not edit. Before the window closes Kraken sends a final cancellation notice, after which your request is binding. The IPO underwriters decide allocations based on demand, so a request can be filled in full, in part or not at all.

Who can take part

Kraken Support's article, updated on 12 November, says ANTx is available in the EEA and most of the rest of the world, but not in the US or to US persons, or in the UK, Canada, Japan, Australia, New Zealand or sanctioned jurisdictions. It describes xStocks as tokenized securities issued by Backed Assets (JE) Limited that give price exposure only, with no voting or dividend rights.

US clients cannot submit interest in the IPO. Kraken's US page says they can buy Anthropic as a regular US stock on Kraken from its first day of trading, at the live market price.

Our take

The range finally lets you size a request. By our arithmetic, the 5% spread puts the effective cost of a filled ANTx at about $73.50 at the bottom of the range and about $81.90 at the top, before any other fees. That premium is paid before trading starts, so it only works out if the shares open comfortably above the final price. Request an amount you are happy to have locked until 19 November, and expect a partial fill on a deal of this size.