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Anthropic's roadshow is selling the future of AI. Four centuries of hot IPOs say the first trade is rarely the best one. The AI lab is asking for as much as $1.4 trillion at the top of its $70-to-$78 range, counting every possible share. Trading could start as soon as next week. Rival OpenAI (OPAI.PRV) may not be far behind: OpenAI president Greg Brockman said last week the company could be ready to go public next year. History has a warning for anyone planning to buy on the first day. The world's first IPO, the Dutch East India Company, began trading in 1602. Its stock took about three decades to double. This year brought two fresh reminders. SpaceX (SPCX) opened at $150 in June, $15 above its IPO price, and soared about 40% in its first week.
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