Anthropic’s $1.5T IPO may trigger rotation out of crypto and tech stocks, hedge fund says

Moon Pursuit Capital warns that Anthropic's massive public offering could temporarily divert capital from risk assets as investors weigh its valuation and mounting AI infrastructure costs. Anthropic’s anticipated $1.5 trillion initial public offering could temporarily draw capital away from cryptocurrencies and high growth technology stocks as investors raise funds to participate in the listing, according to hedge fund Moon Pursuit Capital. Courtney Olujobi, a principal at the firm, told Crypto Briefing that an IPO of this size could prompt institutional investors to rebalance their portfolios, creating short term pressure on speculative assets. However, she said the offering would not necessarily lead to a lasting reduction in crypto market liquidity. A successful listing could attract fresh institutional allocations and strengthen confidence in the broader artificial intelligence investment cycle. “The distinction is whether the IPO represents a redistribution of existing capital or an expansion of overall risk appetite,” Olujobi said. The comments follow Anthropic’s IPO filing with the Securities and Exchange Commission, ahead of an anticipated November listing. Investors at a r...