ThinkMarkets launches 24/7 pre-IPO markets for Anthropic and OpenAI

New markets for AI giants

ThinkMarkets has officially launched 24/7 pre-IPO markets for two of the most prominent names in artificial intelligence: Anthropic and OpenAI. These new instruments allow traders to take positions on what each company will be worth at the conclusion of its first day of trading. This move comes as both firms prepare for potential public listings.

The launch provides a way for the public to react to news as it happens, such as roadshow updates, valuation reports, or official filing announcements. Because these markets are active 24 hours a day, seven days a week, traders are not restricted by traditional stock exchange hours. This continuous availability ensures that market participants can respond to developments at any time, including overnight and on weekends.

As reported by TradingView, the move highlights the growing interest in the private valuations of these tech leaders. While OpenAI has stated it will not go public this year, Anthropic is reportedly preparing for a US listing as early as November. These markets serve as a bridge for those looking to speculate on the final price discovery of these massive entities.

How the trading works

The instruments are structured as CFDs, which stands for contracts for difference. This means that traders are not buying actual shares of the companies and do not receive any allocation of stock during the IPO process. Instead, they are trading on the price movement of the expected market capitalization at the close of the first trading day.

The pricing of these markets is based on a specific scale where one point is equal to US$1 billion. Traders can choose to go long, betting that the valuation will rise, or short, betting that it will fall. This allows for a variety of strategies depending on how a trader views the sentiment surrounding the upcoming listings.

Positions held until the actual listing are settled against the company's real market capitalization at the end of its first day of trading. However, it is important to note that these positions do not convert into shares. Traders can also choose to close their positions at any time while the asset is being quoted on the platform.

Valuations and market context

The scale of these companies is reflected in their recent private funding rounds. Anthropic was last valued privately at US$965 billion, while OpenAI was valued at US$852 billion. These figures provide a baseline for the massive scale of the capital involved in the AI sector.

By offering these markets, ThinkMarkets is tapping into the high demand for exposure to the AI industry. Many investors have been looking for ways to participate in the growth of these companies before they are officially available on public exchanges. These pre-IPO markets provide a mechanism for that participation without the complexities of private equity.

The platform is expanding its reach by including these AI giants alongside other 24/7 instruments. This includes commodities like gold, silver, and oil, as well as US indices and cryptocurrencies. The goal is to provide a consistent environment where traders can manage diverse assets regardless of traditional market closures.

Brokerage and accessibility

ThinkMarkets is a global, multi-regulated online brokerage that was established in 2010. The company offers access to over 4,000 CFD instruments across various asset classes, including FX, indices, and equities. They maintain a significant global presence with offices in London, Dubai, Melbourne, and Chicago.

The new Anthropic and OpenAI markets are available on both live and demo accounts on the ThinkMarkets platform. This allows users to test their strategies in a simulated environment before committing real capital. The brokerage operates under several financial licenses worldwide to provide a regulated environment for its clients.

The company has built a reputation for providing recognized trading platforms that offer quick access to various markets. By adding these specific AI pre-IPO markets, they are catering to a specific niche of traders who want to stay ahead of the curve. The platform continues to grow its range of instruments that trade when traditional markets are shut.