Anthropic’s IPO is about six times oversubscribed
Details of the IPO including the demand for shares could change.
Anthropic's IPO is experiencing a surge in demand, with the offering being about six times oversubscribed, according to sources familiar with the matter. The potential listing of the artificial intelligence company and its co-founders aims to raise up to US$64.4 billion, with an additional US$26 billion in a private placement. If completed, this would make the IPO the largest in history, surpassing SpaceX's IPO.
Bankers inform prospective investors that existing backers will be prioritized, and some buyers may receive smaller allocations than anticipated. Despite the high demand, the IPO details are not yet finalized. Anthropic's popularity stands in stark contrast to the recent decline in Nvidia Corporation shares following the ousting of CEO Jensen Huang.
The AI firm is partnering with Nvidia, securing a US$10 billion investment in its IPO. Anthropic plans to generate interest for the offering through events with CEO Dario Amodei and JPMorgan Chase CEO Jamie Dimon, aiming for a fully diluted valuation of approximately US$1.4 trillion. The company reported a revenue run rate of US$81 billion as of October 31, up US$10 billion from the previous September.
Leading the IPO are Goldman Sachs Group and Morgan Stanley, with participation from 20 other banks. The stock will trade under the symbol ANT on the Nasdaq Global Select Market.
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