Anthropic Perpetual on Hyperliquid Prices 23.7% Above IPO Ceiling

An Anthropic-linked pre-IPO perpetual contract on Hyperliquid was quoted 23.7% above the top of the company's proposed IPO range, putting the contract's market level above the maximum per-share price in the offering plan. The top of the proposed range is $78 a share.

Anthropic's updated prospectus outlines a planned sale of 825 million shares at $70 to $78 apiece. At the maximum price, the fully diluted valuation would be about $1.405 trillion. The 23.7% figure measures the Hyperliquid contract against that $78 ceiling, not the lower end of the proposed range. The proposed range spans an $8 per-share gap.

Anthropic plans to list on the Nasdaq under ticker ANT. The 23.7% premium refers to the pre-IPO perpetual, while the share range and fully diluted valuation are part of Anthropic's proposed public offering. The comparison places a contract price alongside the proposed IPO ceiling, with both tied to the same company.