Obituaries were premature: Anthropic IPO orders - six times the shares offered

Anthropic's initial public offering has attracted orders totaling about six times the number of shares on offer, according to Bloomberg. The company seeks to raise up to $64.4 billion in the IPO and an additional $26 billion in a private placement, which would make it the largest IPO in history. Nvidia has agreed to purchase $10 billion worth of shares.

Anthropic's initial public offering has attracted orders totaling roughly six times the number of shares on offer, according to a Bloomberg report citing sources familiar with the matter. The developer of the Claude AI model seeks to raise up to $64.4 billion in the IPO and an additional $26 billion in a private placement, which would make it the largest IPO in history by fundraising amount. Bankers said Anthropic will prioritize existing investors, and that some applicants will receive smaller allocations than expected. Chipmaker Nvidia has agreed to purchase approximately $10 billion worth of Anthropic shares as part of the private placement. Anthropic is targeting a fully diluted valuation of about $1.4 trillion. The company's annualized revenue reached $81 billion as of October 31. Goldman Sachs and Morgan Stanley are leading the IPO as underwriters, and the stock is expected to trade on the Nasdaq under the ticker ANT.