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Anthropic IPO said to be about six times oversubscribed

Bloomberg reported Thursday that Anthropic's planned IPO has drawn about six times the orders for shares on offer, with existing backers to be prioritized, Techmeme and CNA said.

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  1. New headline Was: “Anthropic IPO”
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  3. New headline Was: “Anthropic sets IPO range that could value Claude maker near $1.4 trillion”
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  5. New headline Was: “Anthropic sets $70–$78 IPO range, opens Australia retail offer”
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  5. New headline Was: “Anthropic said to press ahead with IPO as size figures circulate”
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Wire reporting: (Reuters, via CNA)

Bloomberg News reported Thursday, citing people familiar with the matter, that Anthropic's planned initial public offering has drawn about six times the orders for the shares on offer, Techmeme and CNA said1,2.

Bankers have told prospective buyers that existing backers will be prioritized, which CNA said could leave some new investors with smaller allocations than they expected1,2.

Bloomberg said the figures could still change. CNA, carrying that account, said Anthropic could not immediately be reached for comment2.

CNA reported that the company and some existing shareholders are aiming to raise as much as $64.4 billion by selling 825 million shares priced between $70 and $78 each, which would value Anthropic at up to $1.4 trillion2.

Shares are expected to start trading on the Nasdaq on Nov. 19 under the ticker ANT, CNA said2.

The oversubscription claim rests on unnamed sources in Bloomberg's reporting and has not been confirmed on the record by Anthropic or its underwriters1,2,3.

Sources

  1. TechmemeSources: Anthropic's IPO is about six times oversubscribed, and bankers have told prospective investors that existing backers will be prioritized (Bailey Lipschultz/Bloomberg)
  2. (Reuters, via CNA)Anthropic's IPO is about six times oversubscribed, Bloomberg News reports
  3. ReutersAnthropic's IPO is about six times oversubscribed, Bloomberg News reports

How it’s being reported

3 sources