Anthropic IPO: Retail investors can now participate via Scalable Capital

ADVERTISEMENT  This advertisement constitutes an advertisement within the meaning of the Prospectus Regulation and marketing communication within the meaning of MiFID II and is prepared by and in the sole responsibility of Scalable Capital Bank GmbH, Seitzstr. 8e, 80538 Munich, Germany, a firm authorized and regulated by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin).

Munich, 11 November 2026. Retail investors can now participate in the initial public offering (IPO) of Anthropic via Scalable Capital, which acts as an approved retail broker for the Anthropic IPO. The offer period is expected to end on or about November 18. Trading is expected to commence on November 19. 

Anthropic, PBC, a Delaware public benefit corporation (“Anthropic”), has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission regarding a proposed initial public offering of shares of its Class A common stock. Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol “ANT”.

Anthropic is an artificial intelligence research lab whose mission is the responsible development and maintenance of advanced AI for the long-term benefit of humanity. Its frontier AI, Claude, is delivered to customers through its models, platform, and applications.

The offering includes a public offering to eligible retail investors in Germany, the Netherlands, France and Spain, made on the basis of a prospectus approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) and passported into the Netherlands, France and Spain.

NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OR IN ANY OTHER TERRITORY WHERE TO DO SO WOULD BREACH APPLICABLE LAWS OR REGULATIONS. ANY PERSON INTO WHOSE POSSESSION THIS ADVERTISEMENT COMES SHOULD INFORM THEMSELVES ABOUT, AND OBSERVE, ANY SUCH RESTRICTIONS.

ADVERTISEMENT 

This announcement is only directed at individual persons or legal entities which do not qualify as qualified investors within the meaning of Article 2 point (e) of the Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”) and which are resident or are located in Denmark, Finland, France, Germany, Ireland, the Netherlands, Norway, Spain, and Sweden (the “Covered EEA Countries”) (such individual persons or legal entities, the “eligible retail investors”). This announcement is an advertisement for purposes of the Prospectus Regulation and legal provisions in connection therewith. It is not a prospectus for the purposes of Article 3 of the Prospectus Regulation nor under any other applicable laws with respect to the public offering of Class A common stock of Anthropic, PBC (the “Company”) to eligible retail investors (the “European Public Offering”). Eligible retail investors in the Covered EEA Countries should not purchase or subscribe for any shares of Class A common stock referred to in this information except on the basis of information in, and subject to the terms of, the prospectus to be issued by the Company in connection with the European Public Offering (the “European Prospectus”), which may be different from the terms set out in this announcement. The European Prospectus is, following approval by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - "Bafin"), available on the website of the Company at ipo.anthropic.com and upon request of any investor and free of charge, a copy of the European Prospectus in electronic version shall be delivered to the relevant investor. The approval of the European Prospectus by the Bafin should not be understood as an endorsement of the securities.

Potential investors in the Covered EEA Countries where the European Public Offering will be made should read the European Prospectus (including any documents incorporated by reference therein and any supplements thereto, if any) before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities. Investment in shares entails numerous risks, including a total loss of initial investment.

This advertisement constitutes marketing communication within the meaning of MiFID II and is prepared by and in the sole responsibility of Scalable Capital Bank GmbH, Seitzstr. 8e, 80538 Munich, Germany, a firm authorized and regulated by Bafin.

LEGENDS REQUIRED UNDER U.S. SECURITIES LAWS

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to its acceptance after the effective date. The prospectus in the registration statement and other documents the Company has filed with the SEC include additional information about the Company and global offering. Investors may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. The registration statement (including the U.S. prospectus) is available at https://www.sec.gov/Archives/edgar/data/2130357/000162828026072484/anthropicpbc-sx1ax2.htm.