Gate Opens Anthropic IPO Access Phase 3 Subscriptions
Gate will accept USDT indicative subscriptions for Anthropic (ANT) from Nov 12 to Nov 17, 2026, with allocations not guaranteed and shares routed to Gate Stock Accounts.
Source-checked briefing: prepared from the official notice cited below and checked for source, date, duplication, and risk language. No individual editor review is claimed. Methodology
Gate announced IPO Access Phase 3 indicative subscriptions for Anthropic (ANT) in USDT, opening November 12, 2026 at 03:00 UTC and closing November 17, 2026 at 09:00 UTC. The source states an indicative subscription does not guarantee an allocation; users may receive a full, partial, or no allocation. It establishes no required action beyond stated eligibility: KYC is required, and borrowed funds, institutional accounts, and subaccounts are not eligible. Subscription funds are locked during the period. This content is not investment or trading advice.
On this page
- 01
Indicative subscription window: November 12, 2026, 03:00 UTC to November 17, 2026, 09:00 UTC; Gate may close the channel early.
- 02
Subscription asset is USDT; minimum single investment is 100 USDT and maximum investment is 3,000,000 USDT.
- 03
Indicative price range is USD 70–78 per share, subject to final IPO pricing; if final price deviates more than 20%, Gate initiates a secondary confirmation.
Key timeline
Gate publishes the IPO Access Phase 3 announcement for Anthropic (ANT).
Indicative subscription period opens.
Indicative subscription deadline; Gate may close the channel early based on demand.
Estimated stock distribution, completed before listing; actual timing may shift with settlement arrangements.
Estimated stock trading start in Gate Stocks; specific listing time to be announced separately.
Who may be affected
- Gate users who complete KYC and intend to submit USDT indicative subscriptions for ANT.
- Users seeking allocation of actual Anthropic shares through Gate Stock Accounts.
- Users investing more than 50,000 USDT, who fall into the 10% fee tier on the excess portion.
Impact analysis
The direct operational effect is a defined subscription window and a locked-funds period for participants: USDT committed to the indicative subscription cannot be traded, transferred, or withdrawn while locked. After the subscription ends, Gate deducts funds corresponding to actual allocations and returns the remainder to Spot Accounts once distribution completes. Fees apply only to allocated amounts, so the tiered 5%/10% underwriting fee scales with successful allocation rather than subscription size alone. Allocations are proportional to each user's share of total subscription amount, but the total share quota depends on what Gate secures, so a larger subscription increases allocation weight without guaranteeing shares. If Gate receives no allocation, the source specifies full return of funds with no service fee plus a 10% APR subsidy, subject to a 0.5 USDT minimum payout. The source does not state effects for users who do not participate or for holders of other assets. This content is not investment or trading advice.
What the announcement does not say
The source does not disclose the total share quota Gate will secure, final IPO price and valuation, the exact distribution and listing times, or which regions are restricted. It also does not state whether the 10% APR subsidy applies to partial allocations rather than only a total absence of allocation. This content is not investment or trading advice.
Risk notes
- An indicative subscription does not guarantee any allocation; outcomes may be full, partial, or none.
- Subscription funds are locked and unavailable for trading, transfer, or withdrawal during the lock period.
- The indicative price range of USD 70–78 and the valuation figures are references subject to final IPO pricing and official valuation.
- Gate warns of price volatility and insufficient market liquidity risk, and states it cannot guarantee or compensate for investment losses.
- Borrowed funds, institutional accounts, and subaccounts are not eligible; KYC is required before participating.
- This article verifies official exchange announcements and does not constitute investment or trading advice.
This article is for information only and is not investment, legal, or tax advice. Digital assets are volatile and may result in loss of principal.
Frequently asked questions
Does subscribing guarantee I will receive Anthropic shares?
No. The source states the subscription is indicative and final allocation depends on the actual IPO offering and the quota Gate secures; users may receive a full, partial, or no allocation.
What happens to my USDT while the subscription is open?
It is automatically locked and cannot be traded, transferred, or withdrawn. After the subscription ends, funds corresponding to actual allocations are deducted and the remainder is returned to your Spot Account after distribution.
What fees apply if I receive an allocation?
A 5% underwriting fee applies to the allocated portion corresponding to the first 50,000 USDT invested, and 10% above that. No fee is charged on unallocated amounts.
What if Gate receives no shares at all?
The source says all subscription funds are returned in full with no service fee, plus a subsidy at 10% APR; individual subsidies below 0.5 USDT are not disbursed.
When will allocated shares be distributed and tradable?
Gate estimates distribution and trading on November 19, 2026, but states actual timing may be affected by offering settlement arrangements and that the listing time will be announced separately.
Official sources
Collected material is used only for fact checking. If this page differs from the original announcement, the official page controls.
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