Anthropic IPO draws 6 times demand ahead of record Nasdaq debut
What's at stake: The AI startup is targeting up to $64.4 billion in IPO proceeds alongside a $26 billion private placement.
Anthropic’s planned Nasdaq listing has attracted roughly six times as many orders as shares available, putting the Claude maker on course for what could become the biggest IPO on record. Company filings show Anthropic and its co-founders aim to raise as much as $64.4 billion in the share sale, with another $26 billion from a concurrent private placement. The company is targeting a fully diluted valuation of about $1.4 trillion. CNBC reported the stock is expected to price at $70 to $78 a share ahead of a Thursday debut. Anthropic, led by CEO Dario Amodei, has pitched the sale as it races to fund enormous AI infrastructure commitments running into the hundreds of billions of dollars.