Anthropic to reserve up to 20% of IPO for retail, roughly $12B at $74 midpoint

LexSokolin · x · 2026-11-15

Per Lex Sokolin, Anthropic plans to set aside up to 20% of its IPO for retail investors — well above the typical 5%–10% retail allocation.

At the $74 midpoint, that's about $12B of stock flowing through Schwab, Fidelity, Robinhood, SoFi and ETrade. Retail access has become a distribution channel that brokers now compete on.

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