News of Anthropic's historic initial public offering provided a wave of relief for tech investors. The response in the perpetual futures market might provide even more relief. As Anthropic prepares to raise money in its initial public offering this month, traders in offshore markets are making large bets that there will be a big pop on the AI giant's debut. Trying to guess an initial first day IPO reaction is nearly impossible, but a new and fast-growing corner of the markets might offer some clues. Pre-IPO perpetuals, contracts that aim to track the price of private companies, trade on decentralized crypto exchanges like Hyperliquid, Coinbase, Binance and OKX to name a few.
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