Anthropic IPO drew 6 times demand as it targets $64.4 billion raise
What's new: The AI firm is also seeking $26 billion in a private placement and a roughly $1.4 trillion fully diluted valuation.
Anthropic’s initial public offering has drawn roughly six times as many orders as shares available, signaling intense investor demand for what could become the biggest stock market debut on record. The Claude maker is seeking to raise as much as $64.4 billion in the IPO, alongside a $26 billion private placement, according to its filings. Bloomberg reported the company is targeting a fully diluted valuation of about $1.4 trillion. Bankers have told investors that existing backers will get priority, meaning some buyers may receive smaller allocations than expected. Anthropic also disclosed Nvidia plans to buy about $10 billion of shares in the private placement. The company reported an $81 billion revenue run rate as of Oct. 31, up from $71 billion at the end of September.