The shadow of Firmus’s failure still lingers—will Anthropic come to the rescue? IPO opens to Australian investors, with retail investors and trillion-dollar pension funds waiting to enter the market.

According to Golden Ten Data, Anthropic PBC will directly offer shares to Australian investors in its highly anticipated initial public offering. According to documents submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, after submitting the prospectus to the Australian Securities and Investments Commission (ASIC), Australian retail investors will be able to participate in this offering; the specific number of shares to be issued will be disclosed in subsequent documents. According to sources familiar with the matter, investors expect a reasonable valuation range of $1.4 trillion to $1.75 trillion.