PiCK
Anthropic IPO Draws Demand Several Times Shares on Offer, Could Surpass SpaceX
Summary
- Bloomberg reported that investor demand for Anthropic's IPO was several times larger than the number of shares on offer.
- Bloomberg said Anthropic is seeking to raise as much as $90.4 billion through its IPO and a separate private placement.
- Anthropic is targeting a valuation of as much as $1.4 trillion, and Bloomberg said the conservative IPO pricing reflects expectations for active first-day trading.
Forecast Trend Report by Period
Anthropic Inc., the U.S. artificial intelligence company, has attracted investor demand for its initial public offering amounting to several times the shares on offer.
Bloomberg reported on November 11, citing people familiar with the matter, that orders for Anthropic's IPO were several multiples of the available supply. Interest from investors seeking large allocations helped drive the demand.
Anthropic is seeking to raise as much as $90.4 billion through its IPO and a separate private placement. Bloomberg said the combined fundraising could surpass SpaceX's IPO size.
Anthropic is targeting a valuation of as much as $1.4 trillion. Bloomberg said that figure is lower than some investors had expected, adding that some companies set conservative IPO terms because they expect strong demand to lift the final valuation and fuel active trading on the first day of listing.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul