Anthropic IPO six times oversubscribed, Bloomberg reports
Bloomberg News reports Anthropic's IPO is about six times oversubscribed. The Claude chatbot creator may be valued at up to US$1.4 trillion, with existing backers prioritised. Details could change.
Anthropic's initial public offering (IPO) has drawn about six times the orders for the shares available, Bloomberg News reported on Thursday, citing people familiar with the matter. The report noted that bankers told prospective investors the company will prioritise its existing backers, leaving some would-be buyers with smaller allocations than expected.
Details of the IPO, including demand for shares, could change, according to the report. Anthropic could not immediately be reached for comment on the report.
Anthropic's IPO will value the Claude chatbot creator at up to US$1.4 trillion (HK$10.92 trillion), slightly below some investor expectations, Bloomberg News said. The report said this sets up a key test of Wall Street's confidence in the artificial intelligence boom.
According to Bloomberg News, the AI lab and some of its existing shareholders aim to raise up to US$64.4 billion in the IPO by selling 825 million shares priced between US$70 and US$78 each. Shares are expected to start trading on the Nasdaq on 19 November under the symbol "ANT."