Anthropic's IPO is about six times oversubscribed, Bloomberg News reports
Bloomberg News has reported that Anthropic's initial public offering is six times oversubscribed, potentially marking the largest first-time share sale. The tech giant's IPO aims to raise up to $64.4 billion by selling 825 million shares priced between $70 and $78 each. However, some prospective investors may receive smaller allocations than expected, as Anthropic plans to prioritize its existing backers, according to people familiar with the matter.
The IPO's valuation, at up to $1.4 trillion, slightly falls short of some investor expectations, marking a crucial test of Wall Street's confidence in the artificial intelligence boom. Anthropic's shares are set to begin trading on the Nasdaq on November 19 under the symbol ANT.
Written by urgent.news from CNA - Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
