Aug. 13 at 7:33 AM
$SKM $ANTHZZX.P Rumors this week are that Anthropic is eyeing a
$2T valuation for its IPO. SKM invested
$100M in Anthropic when the valuation was
$5 billion. Its share has been diluted by subsequent funding rounds to about .3% of the company, but at a
$2T valuation, the investment would add
$6 billion to its
$12 billion market cap. The gross implied value added to the stock price would be about
$17-
$22. Sone of the
$SPCX backdoor IPO plays did okay the first few days after that IPO. But several of ETFs were diluted as the IPO approached by late entry buyers. Because SKM has a finite number of shares, it represents a far more interesting backdoor play to realize the gain from the Anthropic IPO in October.
