🔥 Anthropic's record IPO is reportedly about 6 times oversubscribed
Investors have put in orders for roughly six times the shares on offer in Anthropic's IPO, Bloomberg News reports, according to Reuters. Bankers warned that existing backers will get priority, so some buyers may get smaller allocations than they hoped. The Claude maker is selling 825 million shares at $70 to $78, raising up to $64.4 billion at a valuation of up to $1.4 trillion, with trading on Nasdaq under "ANT" expected on November 19.
⭐ Together with a $26 billion private placement, this would top SpaceX as the biggest listing ever, and demand this strong could push the final price above the range.
#AI
Investors have put in orders for roughly six times the shares on offer in Anthropic's IPO, Bloomberg News reports, according to Reuters. Bankers warned that existing backers will get priority, so some buyers may get smaller allocations than they hoped. The Claude maker is selling 825 million shares at $70 to $78, raising up to $64.4 billion at a valuation of up to $1.4 trillion, with trading on Nasdaq under "ANT" expected on November 19.
⭐ Together with a $26 billion private placement, this would top SpaceX as the biggest listing ever, and demand this strong could push the final price above the range.
#AI
