[Anthropic Investors Plan to Resell Up to $500 Million Worth of IPO Shares for 3% to 5% of Offering Price] BlockBeats reported on November 11th, citing Bloomberg, that some Anthropic investors have been pitching shares they expect to receive to new buyers ahead of the IPO pricing. Brokerage firm JonesTrading is pitching a batch of shares worth up to $500 million on behalf of investors expecting large allocations, planning to charge an additional 3% to 5% of the final IPO price. Sources familiar with the matter said that these shares are not subject to lock-up agreements, but buyers must obtain approval from both the seller and a bank participating in the IPO. Bloomberg points out that such arrangements allow investment firms to expand their investor base while mitigating the risk of some allocation positions. Jon Jefferies, head of private markets at JonesTrading, declined to comment on specific deals but said he first saw similar arrangements during SpaceX's IPO, and there are currently several similar deals being pitched related to Anthropic. Another seller is offering over $1 billion worth of existing Anthropic shares through a special purpose vehicle (SPV), valuing the company at $1.4 trillion to $1.6 trillion, with additional fees. Sources familiar with the matter said the SPV is a single-tier structure and directly holds Anthropic shares. Unlike the aforementioned resale arrangement, this transaction involves existing shares and does not rely on the seller being allocated shares in the IPO. Anthropic is seeking a fully diluted valuation of approximately $1.4 trillion in its IPO. The company and some investors aim to raise up to $90.4 billion through the IPO and private placement; if this size is achieved, it will exceed SpaceX's underlying offering size of $75 billion. An Anthropic spokesperson did not immediately respond to a request for comment. [Original Link]