Anthropic IPO oversubscribed, Digi Mart USA News: Anthropic’s initial public offering has drawn about six times the orders for the shares available, Bloomberg News reported on Thursday, in what 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, the report added, citing people familiar with the matter. Details of the IPO, including demand for shares, could change, according to the report.
Anthropic could not immediately be reached for comment on the report.
The offering will value the Claude chatbot creator at up to $1.4 trillion, slightly below some investor expectations, setting up a key test of Wall Street’s confidence in the artificial intelligence boom.
The AI lab and some of its existing shareholders are aiming to raise up to $64.4 billion in the IPO by selling 825 million shares priced between $70 and $78 each. Shares are expected to start trading on the Nasdaq on November 19 under the symbol “ANT.”
