Hong Kong and mainland funds barred from Anthropic IPO

Institutional investors based in mainland China and Hong Kong have been excluded from placing orders in Anthropic’s IPO, Bloomberg reports, citing people familiar with the matter. Some prospective investors are still pursuing possible ways to bid.

Several banks have either refused those orders or consider allocations unlikely, and some of the sources tied the constraints partly to the US International Traffic in Arms Regulations, which control the trade of defense products. The shares, offered at $70-78 on the roadshow, are scheduled to start trading on Nasdaq on November 19 if regulators sign off.