Why Anthropic's blockbuster IPO is getting a muted reception in Korea

Anthropic's planned initial public offering (IPO) is drawing a muted response in Korea despite expectations it could raise a record-high $90.4 billion, as local brokerages and asset managers shy away from the deal following fallout from SpaceX's IPO, industry officials said Sunday. There were no Korean brokerages among the 22 underwriters named in Anthropic's S-1 registration statement filed with the U.S. Securities and Exchange Commission. Korean retail investors are therefore unlikely to gain access to shares through the IPO. Those in Korea will still be able to invest through exchange-traded funds (ETFs). Major asset managers, including Mirae Asset, KB, NH-Amundi and Samsung Asset Management, have launched a range of related ETFs since news of Anthropic's IPO plan emerged. The funds have provisions allowing index committees to consider adding AI companies such as Anthropic once they go public in the U.S. Still, asset managers are taking a cautious approach to launching and promoting the products, emphasizing broader investment themes such as U.S. technology, large language models and