What is reported
According to Bloomberg, investors from mainland China and Hong Kong are being shut out of Anthropic's IPO. Several banks have reportedly rejected buy orders from those regions or consider allocations unlikely. Some of the people involved cite ITAR (International Traffic in Arms Regulations), the US export control rules governing defense-related goods, as the reason. Anthropic declined to comment.
Offering details
The IPO is expected to be priced on November 18, with trading beginning the following day. Goldman Sachs and Morgan Stanley are leading the offering, with 20 other banks involved. The stock is expected to trade on Nasdaq under the ticker ANT.
Background
Anthropic's products are not officially available in China or Hong Kong. According to the report, the company has blocked firms under Chinese control from its AI services and is fighting workarounds that let Chinese companies access Claude Code. It has also exposed large-scale distillation attacks by DeepSeek, Moonshot, and MiniMax.
Context
Given this background, the exclusion is hardly surprising. Whether it signals a pattern for future AI listings cannot be determined from this report alone. It remains open whether all banks share the ITAR rationale – the sources only say it is cited by "some of the people involved."
Source: The Decoder (DE), citing Bloomberg.
Sources
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