Scalable Capital is expected to act as an approved broker for the Anthropic IPO

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, 6 November 2026. Retail investors are expected to participate in the proposed initial public offering (IPO) of Anthropic through using Scalable Capital.

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 proposed offering is expected to include a public offering to eligible retail investors in Germany, the Netherlands, France and Spain, that would be 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.

Clients can participate in the IPO through using Scalable Capital, which is expected to act as an approved German retail broker for the Anthropic IPO. 

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.

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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 will be, if and when approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – “Bafin”), available on the website of the Company at ipo.anthropic.com (which webpage will not display the European Prospectus, until on or about the launch of the European Public Offering) 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. Copies of the U.S. prospectus, when available, may be obtained for free by visiting EDGAR on the SEC's website at www.sec.gov. 

Über Scalable Capital

Scalable Capital ist eine führende Bank, die Menschen in Europa ermöglicht, ihre Geldanlage selbst zu gestalten. Mit Scalable Capital können Kunden günstig und einfach professionell in Aktien, ETFs, Kryptowährungen und Derivate investieren und Sparpläne anlegen. Attraktive Zinsen, Kredite sowie Private Equity runden das Angebot ab. Mit der European Investor Exchange bietet Scalable Capital eine Börse speziell für Privatanleger an. Bereits über eine Million Kunden haben zusammen über 60 Milliarden Euro auf der Plattform.

Scalable Capital wurde im Jahr 2014 gegründet und beschäftigt heute in München, Berlin, Wien und Mailand mehr als 800 Personen. Gemeinsam mit dem Gründer- und Führungsteam um Erik Podzuweit und Florian Prucker arbeiten sie an einer neuen Generation von Finanzservices.

Weitere Informationen unter: www.scalable.capital. Ein Factsheet, Fotos oder vergangene Pressemitteilungen stehen im Newsroom von Scalable Capital für Sie bereit.

Für Presseanfragen:

Ina Froehner
Scalable Capital
VP Communications & Public Affairs
+49 160 94435932
presse@scalable.capital