Anthropic’s initial public offering (IPO) has drawn multiple times the orders for the shares available, Bloomberg reported citing people familiar with the matter, as demand accelerates for potentially the biggest first-time share sale ever.
The demand was driven by so-called anchor-size indications of interest, the people said, asking not to be identified as the information isn’t public.
The Claude chatbot maker and its co-founders are seeking to raise as much as $90.4 billion in the IPO and a private placement, its filings show.
Taken together, the offerings would be bigger than SpaceX’s IPO, making it the biggest listing of all time.
The company is targeting a fully diluted valuation of about $1.4 trillion, below where some investors expected the company to settle.
Anthropic’s filing Tuesday supported the case for AI spending as sales continued to surge. The company reported a revenue run rate of $81 billion as of Oct. 31, up $10 billion from the end of September, the filing showed.
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