Coinbase will change how its Anthropic pre-IPO perpetual contracts are priced on November 16. The exchange will replace its company valuation-based index with a per-share price. Existing ANTH positions will move to new ANT contracts during the transition.
Coinbase Assets announced the change on X, scheduling the migration for 10:00 UTC, or 18:00 Beijing time. The exchange will use zero-fee block trades to transfer eligible positions.
Coinbase Revises Anthropic Share Count
Coinbase’s revised index will use 13.116 billion Anthropic shares, up from the previous estimate of 1 billion. The change follows updated S-1 filings that clarified Anthropic’s share count.
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Coinbase will temporarily halt ANTH trading while it moves existing positions to ANT contracts. It will also cancel outstanding ANTH orders before removing the old contracts and opening the new ones.
Anthropic IPO Price Expectations
Anthropic’s expected IPO price is between $70 and $78 per Class A share. At that range, the company’s valuation could reach $900 billion to more than $1 trillion.
These contracts do not give traders ownership of Anthropic, voting rights or access to IPO shares. Eligible users outside the US instead gain exposure through synthetic contracts.
Trading also carries risks. Low liquidity and sudden price movements could affect contract prices. The index may also differ from the price Anthropic eventually receives in its IPO.
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Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
