Anthropic IPO draws six times more orders than available shares

Anthropic's initial public offering has attracted roughly six times more orders than available shares, according to Bloomberg News, positioning it as potentially the largest first-time share sale. Bankers informed prospective investors that Anthropic will prioritize existing backers, likely resulting in smaller allocations for some new buyers, the report said, citing sources familiar with the matter. The IPO values the Claude chatbot creator at up to $1.4 trillion, slightly below some expectations, with shares priced between $70 and $78 each, aiming to raise up to $64.4 billion. Trading starts on Nasdaq on November 19 under "ANT."