Anthropic IPO draws 6 times demand for shares in record sale
What's new: The AI firm aims to raise up to $64.4 billion in the IPO and another $26 billion privately at a roughly $1.4 trillion valuation.
Anthropic’s planned stock market debut has attracted orders for about six times the shares available, signaling heavy demand for what could become the biggest IPO on record. The Claude developer and its co-founders are seeking to raise as much as $64.4 billion in the offering, plus $26 billion through a concurrent private placement, according to filings cited by The Business Times. The company is targeting a fully diluted valuation of about $1.4 trillion. Nvidia has agreed to buy roughly $10 billion of shares in the private placement. Bankers have told investors that existing backers will get priority, meaning some buyers may receive smaller allocations than expected.