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Anthropic's IPO is about six times oversubscribed, Bloomberg News reports
Reuters • • general
Key Points:
- Anthropic's IPO has attracted about six times the demand for its available shares, potentially making it the largest first-time share sale, according to Bloomberg News.
- The company plans to prioritize allocations to existing investors, which may result in smaller share allocations for some new buyers.
- The IPO is expected to value Anthropic, creator of the Claude chatbot, at up to $1.4 trillion, slightly below some investor expectations.
- Anthropic aims to raise up to $64.4 billion by selling 825 million shares priced between $70 and $78 each, with trading expected to begin on Nasdaq under the symbol "ANT" on November 19.
- Details of the IPO and demand for shares could still change, and Anthropic has not yet commented on the report.
