CNBC
11 Nov 2026, 01:26 UTC · 15h ago
Anthopic opens Australian retail IPO offering as AI scrutiny intensifies
Impact · against what's priced in
The Anthropic IPO represents a tangible catalyst for Morgan Stanley, as the market has explicitly excluded upside from such fee events in its current valuation. While the scale of the offering is massive, the revenue impact is incremental relative to the firm's overall scale, though it validates the bullish side of its institutional securities trajectory.
- MS+0.15
Challenges what's priced in
- The price assumes
The upside from major fee events like the Anthropic IPO, which is known but receives no valuation credit.
The price specifically declines credit for major fee events like the Anthropic IPO; the actual opening of the retail offering and the scale of the $90.4 billion capital raise provide the realization of that excluded upside.
What MS's price assumes · Sep 11
