Anthropic has opened its IPO roadshow, pricing shares between $70 and $78 (USD) as the AI company moves toward a Nasdaq listing under ticker ANT. The offering matters because it tests public investor demand for AI firms, while tokenized versions of Anthropic stock from Ondo and Dinari still await trading.
What actually happened
According to The Defiant, Anthropic's proposed offering covers 825 million shares, priced between $70 and $78 (USD) each, as the company moves toward a Nasdaq listing under the ticker ANT. A related report cited by the same outlet states Anthropic could launch its Nasdaq IPO as soon as Tuesday, according to IFR. The Defiant also notes Anthropic filed for its IPO with $16.3 billion in first-half revenue. Separately, Ondo and Dinari, platforms offering tokenized-stock products, have not yet opened public trading for Anthropic-linked tokens, with Ondo previously stating plans to offer tokenized Anthropic shares from IPO day. No final share price, total shares sold, or confirmed listing date has been disclosed.
How we got here
Anthropic's move toward Nasdaq follows a wave of AI companies exploring public markets after years of private fundraising at steep valuations. The company previously filed IPO paperwork disclosing $16.3 billion in first-half revenue, underscoring rapid growth in AI model sales. Tokenization platforms Ondo and Dinari had separately signaled plans to list Anthropic shares as blockchain-based tokens, aiming to give crypto users exposure to the stock without traditional brokerage accounts. Those tokenized products remain unlaunched, leaving a gap between Anthropic's traditional listing and its planned presence in tokenized markets. The roadshow marks the clearest sign yet that the IPO is close to pricing.
Why this matters for you
For crypto users, the roadshow is a signal to watch before tokenized Anthropic shares go live. If Ondo and Dinari launch tokens tied to ANT, holders could gain price exposure without opening a brokerage account, though legal and settlement details remain unclear. For builders in AI, a successful Anthropic listing could free up capital for model development, which may influence future partnerships across the broader hardware ecosystem, including emerging wearable and AR devices that rely on AI models. For traditional investors, the $70 to $78 (USD) range sets an early benchmark for how markets value leading AI labs. Pricing above or below that range at debut will shape sentiment toward the next wave of AI public offerings.
The bigger question
If Anthropic completes its Nasdaq listing, will tokenized-stock platforms like Ondo and Dinari be allowed to offer trading on day one, or will regulatory review delay crypto-based exposure to the stock? The answer could shape how quickly traditional IPOs and tokenized markets converge, and whether investors turn to blockchain-based shares as a parallel, faster path to owning newly listed companies.
What to watch
Watch for confirmation of Anthropic's final IPO price and Nasdaq debut date, expected to follow the current roadshow. Also watch whether Ondo or Dinari announce a launch date for tokenized ANT shares, which would mark the first live trading of a major AI company's stock on-chain. Bonuz will track both milestones closely, given its focus on how crypto infrastructure intersects with next-generation hardware and AI tools.
