New Zealand investors locked out of Anthropic IPO, but can buy shares on Nasdaq

New Zealand retail investors are excluded from directly participating in Anthropic's upcoming IPO, though Australian retail investors have a dedicated route. The exclusion stems from the AI company's filing with US regulators, which restricts New Zealand access under local financial laws. Anthropic's 335-page SEC filing specifies New Zealand access is limited to investment businesses, government agencies, and large eligible investors under the Financial Markets Conduct Act. However, Kiwis can buy shares on Nasdaq once trading begins, provided their broker offers access, though IPO pricing remains uncertain. The filing lacks a share price and trading date, with estimates around US$2 trillion. Anthropic's revenue surged from US$4.6 billion to US$33 billion in nine months, but relies heavily on few customers, and the company warns of potential catastrophic risks from advanced AI.