Viram Shah, Founder & CEO, Vested
“For Indian retail investors, participating in a US IPO is not as straightforward as applying for an IPO in India. There is no equivalent domestic IPO allotment mechanism through which Indian residents can directly subscribe to US IPO shares. As a result, the more practical route for most investors is to wait until the company lists on a US stock exchange.
Once Anthropic is publicly listed and available for trading, Indian investors can access its shares through global investing platforms such as Vested. Investors can then buy shares through their international trading accounts, rather than seeking an allotment at the IPO price.
There is also the possibility of indirect exposure. For example, Alphabet, Google's parent company, has invested in Anthropic. An investor holding Alphabet shares therefore has some economic exposure to Anthropic through Alphabet's investment. However, this is not the same as owning Anthropic shares directly. Alphabet's share price is influenced by its much larger business, and Anthropic represents only one part of its investment portfolio.
More importantly, investors should not make an investment decision based solely on the excitement surrounding an AI IPO. They need to understand how Anthropic generates revenue, whether its growth can translate into sustainable profitability, how much it spends on computing infrastructure and model development, and whether its valuation adequately reflects these costs and future risks.
The listing price also matters. A strong company is not necessarily a good investment at every valuation. Investors should study the company's financial disclosures, competitive position and long-term growth prospects before deciding how much exposure is appropriate.
For Indian investors, the opportunity is not limited to the IPO itself. The real question is whether Anthropic can build a durable, profitable business over the next five or ten years. That matters far more than securing shares on the first day of trading.”
