Orders for Anthropic's initial public offering exceed the available shares by a factor of six, The Decoder reported, citing Bloomberg. According to the report, Anthropic and its co-founders aim to raise up to $64.4 billion in the public offering and another $26 billion through a private placement, which The Decoder says would surpass SpaceX's IPO and put the deal on track to be the largest IPO ever. The target valuation is roughly $1.4 trillion, and existing investors get priority in share allocation.
The Decoder said Anthropic's financials likely fuel much of the demand: annualized revenue reached $81 billion by late October, up from $71 billion in September. Nvidia is buying $10 billion in Anthropic stock through the private placement, according to the report.
Goldman Sachs and Morgan Stanley are managing the Nasdaq listing under the ticker ANT. CEO Dario Amodei will pitch investors alongside JPMorgan CEO Jamie Dimon in a Friday livestream, The Decoder reported.
