Anthropic's IPO is multiple times oversubscribed as roadshow gets under way

Anthropic's initial public offering has drawn orders for several times the shares on offer, driven by anchor-size indications of interest, Bloomberg reports, citing people familiar with the matter. The Claude maker and its co-founders are seeking as much as $90.4 billion through the IPO and a $26 billion private placement, which together would top SpaceX's record listing. The $70-$78 range implies a fully diluted valuation of about $1.4 trillion. Anthropic plans a livestreamed investor event Friday with CEO Dario Amodei and JPMorgan CEO Jamie Dimon, with pricing expected Nov. 18 and Nasdaq trading under ANT on Nov. 19.