High participation threshold for Anthropic IPO draws attention as Asian investors shift to indirect investment channels such as crypto derivatives

TechFlow reports on Oct. 28 that, according to Bloomberg, Anthropic's planned IPO could be valued at $1.5 trillion and plans to invest approximately $800 billion in computing infrastructure, with TSMC, SK Hynix, and Samsung Electronics expected to benefit. Due to strong subscription demand and related restrictions, Asian investors face significant challenges in participating directly in the IPO, prompting them to shift toward indirect investment channels such as crypto derivatives.

Reports indicate that OKX and Binance have launched perpetual contracts tied to Anthropic's valuation, while perpetual contracts on Hyperliquid's EntropyIO platform once implied a valuation of around $1.88 trillion. However, Anthropic still faces risks such as an uncertain path to profitability, high capital expenditures for AI projects, and intense industry competition, and related "proxy" investments may also be impacted by factors from other sectors.