Anthropic IPO Said to Be Multiple Times Oversubscribed, Plans to Raise Up to $90.4 Billion
People familiar with the matter said subscription orders for Anthropic's IPO have reached several times the shares on offer, with demand mainly coming from indicative subscriptions by cornerstone investors. The company plans to raise up to $90.4 billion in total through the IPO plus a private placement, targeting a fully diluted valuation of about $1.4 trillion. The stock will be listed on the Nasdaq Global Select Market under the ticker ANT, with Goldman Sachs and Morgan Stanley as joint lead underwriters. The people said the IPO terms may still change, and Anthropic representatives did not immediately respond to requests for comment.
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The original article discloses the subscription multiple, fundraising cap and valuation range of Anthropic's IPO, which can be used to observe the scale and pricing approach of this round of listing and financing.
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People familiar with the matter said demand for Anthropic's IPO subscription is red-hot, with orders already reaching several times the number of shares on offer. The IPO is expected to be the largest new share offering in history, with market demand continuing to heat up.
The people said the demand mainly comes from indicative subscriptions by cornerstone investors.
The developer of the Claude chatbot and its co-founders plan to raise up to $90.4 billion in total through the IPO plus a private placement. Combined, the two fundraisings would exceed SpaceX's IPO and are expected to make it the largest listing financing ever.
The people said the terms of this IPO may still change. Representatives for Anthropic did not immediately respond to requests for comment.
Another person familiar with the matter said Anthropic is holding multiple promotional events for potential investors to boost IPO subscription interest, including an online livestream event this Friday at which company CEO Dario Amodei will appear alongside JPMorgan CEO Dimon.
According to reports, the company is targeting a fully diluted valuation of about $1.4 trillion, lower than the range some investors had previously estimated. Many companies price conservatively when they formally launch an IPO roadshow, hoping that strong demand will push up the final pricing and ensure the stock's performance on its first day of trading.
Some investors who have obtained Anthropic IPO allocations are reselling part of their subscription quotas to other potential investors to earn extra fees and reduce trading risk after listing; some other investors holding pre-IPO old shares are transferring equity externally through special-purpose vehicles.
According to the filing documents, the IPO is jointly led by Goldman Sachs and Morgan Stanley, with 20 other investment banks participating. The company's shares will be listed on the Nasdaq Global Select Market under the ticker symbol ANT. news_keyword_pub,usstock,GS&JPM&MS&.IXIC iframe below the main text iframe below the main text General statement General statement QR code at the end start QR code at the end start
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