Anthropic's IPO Filing Reignites the AI Trade Across Asia
Wall Street sets the tone as tech rebounds
Asian equities rose on Tuesday, October 27, extending a tech-led rebound on Wall Street after Anthropic PBC publicly filed for its long-awaited initial public offering. Bloomberg's "Asian Stocks to Gain as Anthropic Files for IPO: Markets Wrap" described the filing as reviving enthusiasm for artificial intelligence, while Reuters' "Asian stocks surge as Anthropic IPO lifts sentiment ahead of earnings, central banks" reported risk appetite returning after weeks of doubts about the AI trade. On Monday, October 26, the S&P 500 gained 0.7% to 7,676.77 and the Nasdaq Composite added 0.8% to 26,169.38.
Japan and Korea lead the rally in chipmakers
China diverges as Hong Kong and the mainland slip
China was the outlier. Fortune's "Anthropic's IPO filing lifts stocks across Asia—except for China" recorded a 0.7% fall in Hong Kong's Hang Seng Index and a 1.3% drop in the mainland CSI 300. Chip stocks in Taiwan and mainland China were mixed, failing to follow their Japanese and Korean peers higher.
The S-1 lays bare red-hot growth and heavy losses
A potentially record listing under the ticker ANT
Anthropic plans to list Class A common stock on the Nasdaq Global Select Market under the symbol ANT, with Goldman Sachs and Morgan Stanley named as lead underwriters. The number of shares and the price range are undetermined. The Wall Street Journal reported the offering could raise $100 billion or more at a valuation of $1.5 trillion to $2 trillion, which would rank among the largest listings in history. Governance stays firmly with the founders: a single Class F share held by an entity owned by the seven co-founders carries 50.1% of the vote on most matters, alongside a Long-Term Benefit Trust electing a board majority.
Meta and Broadcom deals amplify the AI spending signal
Two companion deals amplified the signal. Meta Platforms plans to raise up to $95 billion in new equity, its largest-ever capital raise, to fund additional AI data centers. Broadcom arranged a $63 billion financing package with Bank of America, Blackstone, Citigroup and Morgan Stanley to fund chip purchases for Anthropic. Together they reassured investors that global AI infrastructure spending is continuing, not pausing.
Earnings and rate decisions will decide what comes next
The rally now faces a crowded calendar. Results from technology giants will test whether AI spending is paying off, while the Federal Reserve, the European Central Bank and the Bank of Japan all meet this week. Economists expect all three to hold rates, putting the focus on policymakers' language; traders are already pricing a possible Fed hike in December. How investors read the S-1's mix of steep losses and surging revenue, alongside those earnings and rate signals, will determine whether the AI enthusiasm endures.
