Anthropic, the AI startup, is going public on November 18, but here's the twist: institutional investors from mainland China and Hong Kong are blocked from placing orders.
This move is all about U.S.-China tensions in tech, with US rules around defense technology playing a big part.
Even so, some Chinese investors are still trying to get in through offshore setups.
Anthropic seeks $90.4B, Nasdaq ANT listing
Anthropic is seeking to raise as much as $90.4 billion in an IPO, private placement, and will be listed on the Nasdaq under the ticker ANT.
Big names like Goldman Sachs and Morgan Stanley are leading the charge, with help from 20 other banks.
The decision to keep out Chinese investors highlights how closely the US is watching AI companies' ties with China these days.