Anthropic’s heavily oversubscribed IPO could become the largest ever
Anthropic’s planned public offering is attracting orders worth roughly six times the number of shares available, putting the Claude developer on course for what could become the largest IPO in history. The company and its co-founders aim to raise as much as $64.4 billion through the Nasdaq listing, alongside a further $26 billion in private funding. Together, the transactions would exceed the scale of SpaceX’s IPO and imply a valuation of about $1.4 trillion. Existing investors are expected to receive priority when shares are allocated.
Demand is being driven in part by Anthropic’s rapid financial growth. Its annualized revenue reached $81 billion by late October, up from $71 billion in September. Nvidia is also committing $10 billion to Anthropic stock through the private placement, even as Nvidia investors have become more cautious after CEO Jensen Huang was ousted over an alleged espionage scandal. Goldman Sachs and Morgan Stanley are managing the Nasdaq listing, which is planned under the ticker ANT. Anthropic CEO Dario Amodei is due to present the company to investors in a Friday livestream alongside JPMorgan CEO Jamie Dimon.
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