Binance to adjust share count for Anthropic pre-IPO contract: don’t mistake the apparent 15x price gap for a real one
Quotes for the same Anthropic pre-IPO perpetual contract briefly differed by more than 15x across exchanges: Binance quoted it based on an estimated 1 billion shares, with the contract price reaching about $1,700; another platform priced it per share, at around $110. The difference isn’t that the valuation is 15 times higher—it’s that the exchanges are using different share-count denominators.
Who’s affected: people trading ANTHROPICUSDT on Binance. Anthropic’s revised prospectus dated November 10 disclosed approximately 13.087 billion issued common shares across all classes following the offering and concurrent private placement. Binance’s contract announcement today says it plans to adjust the estimated share count to 13,116,075,288 (about 13.116 billion), but the contract size will be announced separately before the official listing. For now, quotes will continue to be based on 1 billion shares. During the adjustment, the contract will be renamed ANTUSDT. Binance says the name change won’t affect existing positions, so there’s no need to close or settle them because of it. If the company revises its documents again before listing, this figure could change once more. Some media outlets, after converting quotes to a per-share basis, reported that by the 13th the price gap across exchanges had narrowed to about 1%. Don’t mistake the apparent double-digit price gap for an arbitrage opportunity that’s still available.
Going forward, follow the adjustment time and rules officially announced by Binance. The price you see now is still based on 1 billion shares.
Are you looking at the Binance quote for this contract, or have you already converted it to a per-share basis?
This is not investment advice.
Sources: Binance Futures announcement (2026-11-13, https://www.binance.com/en/support/announcement/detail/d5d3474a9b054f23a1867aff5cdece3f); Wu Shuo (around 19:39 HKT, https://x.com/wublockchain12/status/2121206302504624503); PANews (around 21:02 HKT, https://x.com/PANewsCN/status/2121227262955847747) · 2026-11-13 around 21:30 HKT
#Anthropic #ANTHROPICUSDT #盘前合约 #夯B媒体 $ANTHROPIC
Quotes for the same Anthropic pre-IPO perpetual contract briefly differed by more than 15x across exchanges: Binance quoted it based on an estimated 1 billion shares, with the contract price reaching about $1,700; another platform priced it per share, at around $110. The difference isn’t that the valuation is 15 times higher—it’s that the exchanges are using different share-count denominators.
Who’s affected: people trading ANTHROPICUSDT on Binance. Anthropic’s revised prospectus dated November 10 disclosed approximately 13.087 billion issued common shares across all classes following the offering and concurrent private placement. Binance’s contract announcement today says it plans to adjust the estimated share count to 13,116,075,288 (about 13.116 billion), but the contract size will be announced separately before the official listing. For now, quotes will continue to be based on 1 billion shares. During the adjustment, the contract will be renamed ANTUSDT. Binance says the name change won’t affect existing positions, so there’s no need to close or settle them because of it. If the company revises its documents again before listing, this figure could change once more. Some media outlets, after converting quotes to a per-share basis, reported that by the 13th the price gap across exchanges had narrowed to about 1%. Don’t mistake the apparent double-digit price gap for an arbitrage opportunity that’s still available.
Going forward, follow the adjustment time and rules officially announced by Binance. The price you see now is still based on 1 billion shares.
Are you looking at the Binance quote for this contract, or have you already converted it to a per-share basis?
This is not investment advice.
Sources: Binance Futures announcement (2026-11-13, https://www.binance.com/en/support/announcement/detail/d5d3474a9b054f23a1867aff5cdece3f); Wu Shuo (around 19:39 HKT, https://x.com/wublockchain12/status/2121206302504624503); PANews (around 21:02 HKT, https://x.com/PANewsCN/status/2121227262955847747) · 2026-11-13 around 21:30 HKT
#Anthropic #ANTHROPICUSDT #盘前合约 #夯B媒体 $ANTHROPIC
