The catch in crypto’s Anthropic IPO rush: lock up your money and you could still miss out
Kraken, Bitget and BigONE offer access to tokens tied to Anthropic’s expected IPO, but subscriptions do not guarantee allocations: investors may receive all, some or none of their requested amount. Funds can be locked while allocations are determined, and refunds and token delivery follow different timelines. Fees apply to allocated amounts and may push acquisition costs above the IPO price; the tokens also do not confer direct shareholder rights. Anthropic’s preliminary prospectus proposes 825 million shares at $70–$78 each, while reports say demand already exceeds available shares. The platforms outline refunds and, in some cases, compensation if no allocation is received. Investors must weigh uncertain allocation, lockup periods, fees and possible delays beyond the Nasdaq debut.
