Anthropic IPO blocks Chinese investors amid US AI scrutiny

Anthropic's upcoming IPO will exclude Chinese mainland and Hong Kong institutional investors due to heightened US scrutiny of strategic AI technology, according to Bloomberg. Multiple banks managing the deal are refusing orders from these investors, citing potential regulations under US International Traffic in Arms Regulations (ITAR). The restriction is not explicitly stated in the IPO prospectus, though some investors are exploring offshore structures to gain access. Demand remains strong, with orders exceeding available supply by six times. Anthropic aims to raise up to $90.4 billion through the IPO and private placement, with pricing set for November 18 and Nasdaq listing under ticker ANT on November 19. The company also faces ongoing legal disputes with the Pentagon over supply chain risks.