Financial Stocks Rise on Anthropic IPO Optimism

Shares of banks and other financial companies climbed as investors grew more confident that Anthropic’s initial public offering would proceed, despite doubts raised during Thursday’s stock-market rout, according to a stock analyst.

Today, 01:34· Money Talk· 522 reads

Bloomberg reported on Wednesday that the Anthropic IPO was oversubscribed. One stock analyst said Wall Street had questioned whether the offering would go ahead as planned during Thursday’s market selloff.

Separately, OKXICE, a joint venture involving New York Stock Exchange owner Intercontinental Exchange, plans to begin round-the-clock trading of tokenized versions of more than 70 U.S. assets on Nov. 23.

Western Union abandoned its planned $500 million acquisition of cross-border payments provider International Money Express, citing opposition from California regulators.

Financial Stocks Rise on Anthropic IPO Optimism

Comments (0)