AI Fever Stays Hot as Anthropic IPO Draws Demand for 6 Times Shares on Offer

Record $90.4 Billion Raise

Investor demand for the initial public offering of Anthropic, the developer of the AI chatbot Claude, has reached about six times the number of shares on offer. The company stands to raise as much as $90.4 billion in the listing, which would make it the largest IPO on record.

Bloomberg reported on Nov. 12 that buy orders for the Anthropic IPO totaled about six times the number of shares slated for sale. Anthropic plans to prioritize allocations to existing investors, meaning some new investors may receive fewer shares than they requested. Final demand and allotment sizes may still change.

Anthropic and its co-founders plan to raise as much as $64.4 billion through the IPO and secure an additional $26 billion through a separate private placement. Combined, the two transactions could total as much as $90.4 billion, surpassing the size of SpaceX's IPO. If completed as planned, it would be the largest share issuance tied to a public listing. Anthropic is targeting a fully diluted valuation of $1.4 trillion. As of Oct. 31, the company's annualized revenue was $81 billion, up $10 billion from a month earlier.

Anthropic is scheduled to set the offering price on Nov. 18 and begin trading on the Nasdaq on Nov. 19.

Lee Hye-in, Hankyung.com reporter hey@hankyung.com