Anthropic's IPO is about six times oversubscribed, Bloomberg reports, with trading expected November 19
Bankers reportedly told investors that existing backers will be prioritized, so some buyers will get smaller allocations than expected.
Anthropic's initial public offering has drawn orders for about six times the shares available, Bloomberg News reported on Thursday, according to a Reuters summary. Citing people familiar with the matter, the report says bankers told prospective investors that Anthropic will prioritize its existing backers, so some would-be buyers may receive smaller allocations than they expected. The report cautions that details, including demand, could change. Anthropic could not immediately be reached for comment. The offering would value the Claude developer at up to $1.4 trillion, slightly below some investor expectations. Anthropic and some existing shareholders aim to raise up to $64.4 billion by selling 825 million shares at $70 to $78 each, which could make it the largest first-time share sale. Shares are expected to start trading on the Nasdaq on November 19 under the symbol "ANT." Strong demand would be an early sign of how much confidence public-market investors have in leading AI developers, after a recent selloff in AI stocks pushed private valuations down.