---
title: Investors in Nine EU Countries and Switzerland Can Order Anthropic Shares at the IPO Price Until 18 November
description: Individual investors in nine EU countries and Switzerland can order Anthropic IPO shares through Trade Republic, Revolut, eToro and others until 18 November.
author: Darie Nani (Editor-in-Chief)
date: 2026-11-12T12:17:58.886Z
updated: 2026-11-12T12:17:58.947Z
canonical: https://www.sovereignmagazine.com/article/anthropic-ipo-europe-retail-offer
image: https://cdn.nanimediahouse.com/anthropic-ipo-website-screenshot.webp
categories: Artificial Intelligence, Markets, EU Focus
content_type: News
region: Europe
publication: Sovereign Magazine
about:
  - type: Organization
    name: Anthropic
    description: American artificial intelligence company that develops the Claude models.
---

Individual investors in nine EU countries and Switzerland can order shares in Anthropic's initial public offering, at the same price as the large funds, until 4pm CET on 18 November, under a prospectus that Germany's financial regulator, BaFin, approved on 11 November.

The offer opened on 11 November and covers up to 80,135,135 new Class A shares, a tenth of the 801 million new shares the maker of Claude is selling. It is open to retail investors in Germany, France, Spain, the Netherlands, Ireland, Denmark, Finland, Norway and Sweden, and Switzerland has a parallel offer on the same terms, run by UBS. If every share is sold at the $74 midpoint of the price range, the European tranche would raise about $5.9 billion, according to the [prospectus](https://ipo.anthropic.com/documents/eu/bafin-prospectus.pdf). SpaceX ran a similar BaFin-approved offer for [its listing in June](https://www.sovereignmagazine.com/article/spacex-lockup-911-million-shares-unlock).

Anthropic set the range at [$70 to $78 a share](https://www.sovereignmagazine.com/article/anthropic-ipo-price-range-roadshow) when it began marketing the offering on 10 November. Everyone who receives shares, in the US, Europe or elsewhere, will pay the same final price, which is expected to be set on 18 November, and the shares are due to start trading on Nasdaq under the ticker ANT the next day. Anthropic promoted its IPO website on X on Thursday, and visitors from Europe are sent to a page listing the brokers taking part.

## Trade Republic, Revolut and Scalable Capital Are Among the Brokers Taking Orders

The brokers taking orders differ from country to country. In Germany, Deutsche Bank (including maxblue), Consorsbank, flatexDEGIRO and Scalable Capital take orders, with Deutsche Bank coordinating the retail offer, alongside J.P. Morgan, eToro, Interactive Brokers, Revolut, Trade Republic and ING-DiBa. In France, BNP Paribas and the Crédit Agricole networks, including LCL and BForBank, coordinate the offer. Revolut, eToro, Interactive Brokers and J.P. Morgan are listed in all nine EU countries and Trade Republic in six of them. Nordnet takes orders in the four Nordic countries, Saxo in Denmark, France, the Netherlands and Switzerland, and ING in the Netherlands as well as Germany. In Switzerland, orders go through UBS, eToro, flatexDEGIRO and Saxo.

Orders placed through banks and brokers the prospectus does not name 'may receive smaller allocations on a relative basis or none at all', it warns. The prospectus sets no minimum or maximum order, but each broker can add its own rules. Trade Republic and Scalable Capital take orders as a cash amount, and some brokers stop taking orders before the official deadline: Saxo gives 2pm CET on 18 November.

## Orders Are Placed in Dollars, With a $120 Cap Above the Price Range

All orders are placed and priced in US dollars. Brokers convert euros and other currencies into dollars and may charge for the conversion. Anthropic and the banks running the offering charge retail investors nothing, but brokers' usual commissions apply.

The European offer has a maximum price of $120 a share, well above the $70 to $78 range, so that orders from Europe still count if demand pushes the final price above the range. An order limited to less than $70 should not expect any shares, the prospectus says. Investors can withdraw an order at any time until the offer closes.

The shares will trade only on Nasdaq. Anthropic is not listing them on any European exchange, so a European buyer ends up holding a US-listed share priced in dollars. Buying through the offer is one more route by which European savings reach US companies, a flow that [ECB Vice-President Boris Vujčić said this month is growing](https://www.sovereignmagazine.com/article/european-savings-funding-us-companies-ecb). Settlement is due on 20 November, and brokers pass the shares on to their customers after that.

## Banks and Brokers Decide How Many Shares Each Investor Gets

Allocation is at the discretion of the banks running the offering, and each broker can apply its own rules when it shares out the shares it receives. 'There is no guarantee that any investor will receive all or any of the shares they apply for in the Anthropic IPO,' Anthropic says on its IPO site, and it tells investors to be ready to pay for every share they order. Brokers confirm allocations on the first day of trading. Anyone who receives fewer shares than they ordered, or none, can buy on Nasdaq from 19 November at the market price.

The European tranche will not grow if Anthropic enlarges the global offering, and any European shares left unsold can go back into the main offering. If the offering does not go ahead, all orders are cancelled.

## Anthropic's Founders Tell Buyers the Company May Not Always Put Profit First

The Class A shares on offer carry one vote each, but [the votes of all Class A shares are capped at 49.9% of the total](https://www.sovereignmagazine.com/article/anthropic-stock-ticker-symbol). The co-founders hold the other 50.1% through one share of a separate class.

> "We encourage you, as a prospective owner of our stock, not to think of your purchase in purely transactional terms."
> — Anthropic's seven co-founders, letter to prospective shareholders

The letter, signed by Dario Amodei, Daniela Amodei and the five other co-founders and published on the IPO site, sets out 'the ways in which our behavior may differ from that of a purely profit-maximizing company'. The seven have pledged to give 80% of their Anthropic shares to charity, and they commit to keeping Claude free of advertising, which they say would likely be a large source of revenue. They also tell investors that 'there may be times when we choose to advance more slowly than we could in order to make our systems safer, even if that puts us at a competitive disadvantage.'

## Investors in the UK Can Order Through AJ Bell, Hargreaves Lansdown and Interactive Investor

The UK is not covered by the European prospectus. British investors can order through brokers connected to RetailBook, an FCA-authorised platform for public offers, and Anthropic lists AJ Bell, eToro, Hargreaves Lansdown, Interactive Brokers, interactive investor, Revolut and Robinhood among them. Orders can be placed in dollars for the shares themselves or in pounds for depositary interests held through CREST, and the shares can be held in ISAs, Lifetime ISAs, Junior ISAs and SIPPs. The UK offer also closes on 18 November.

Anthropic is selling shares to individual investors in Australia, Japan and Canada as well, without listing on any exchange there. The Australian offer, run through CommSec, closes at 5pm AEDT on 17 November, and the Japanese offer is worth $3 billion to $3.5 billion, according to the Japanese prospectus Anthropic has filed with the Securities and Exchange Commission.

Find out more at [ipo.anthropic.com](https://ipo.anthropic.com).

## FAQ

**Q: Will the Anthropic IPO be open to the public?**
Yes, in several countries. Individual investors in Germany, France, Spain, the Netherlands, Ireland, Denmark, Finland, Norway, Sweden and Switzerland can order shares through the brokers taking part until 18 November, and the UK, Australia, Japan and Canada have their own offers. Anyone who does not take part can buy ANT shares on Nasdaq from 19 November, when trading is expected to start.

**Q: Can I buy shares in Anthropic in the UK?**
Yes. The UK offer runs until 18 November through brokers connected to RetailBook, including AJ Bell, Hargreaves Lansdown and interactive investor. The shares can be held in an ISA or a SIPP, and orders can be placed in dollars or in pounds. After the listing, UK investors can buy the shares on Nasdaq through any broker that offers US stocks.

**Q: How do I buy an IPO directly?**
An individual investor cannot buy from the company itself. Orders go through a broker taking part in the offer, which passes them to the banks running the deal. In Anthropic's European offer the investor states an amount or a number of shares, the broker holds the money until the offer closes, and on the first day of trading the broker confirms how many shares, if any, were allocated at the final price.