Anthropic's IPO is about six times oversubscribed, Bloomberg reports
Anthropic's initial public offering has drawn orders for about six times the shares available, Bloomberg reported, citing people familiar with the matter. Bankers told prospective investors that existing backers will get priority, leaving some buyers with smaller allocations than expected. Anthropic and some shareholders aim to raise up to $64.4 billion by selling 825 million shares at $70 to $78 each, plus a $26 billion private placement, with trading expected to start on the Nasdaq on Nov. 19 under the symbol ANT.
Source: Bloomberg