Key facts
- Orders for Anthropic's IPO reached about six times the shares available, Bloomberg News reported, citing people familiar with the matter.
- Bankers said Anthropic will prioritize existing backers, leaving some would-be buyers with smaller allocations than expected, per Bloomberg.
- Anthropic and some existing shareholders aim to sell 825 million shares at $70 to $78 each, raising up to $64.4 billion.
- The offering values Anthropic at up to $1.4 trillion, slightly below some investor expectations, according to the report.
- Shares are expected to start trading on the Nasdaq on November 19 under the symbol ANT.
- Anthropic could not immediately be reached for comment on the report.
Anthropic's initial public offering has drawn about six times the orders for the shares available, Bloomberg News reported on November 12, citing people familiar with the matter. The report said the sale could be the largest first-time share sale.
Bankers told prospective investors that Anthropic will prioritize its existing backers, leaving some would-be buyers with smaller allocations than expected, according to the Bloomberg report. Details of the IPO, including the demand for shares, could change, the report said. Anthropic could not immediately be reached for comment.
The AI lab and some of its existing shareholders are aiming to raise up to $64.4 billion by selling 825 million shares priced between $70 and $78 each. The offering will value the Claude chatbot creator at up to $1.4 trillion, slightly below some investor expectations, a level the report framed as a test of Wall Street's confidence in the artificial intelligence boom.
Shares are expected to start trading on the Nasdaq on November 19 under the symbol ANT.