Anthropic IPO six-times oversubscribed, Bloomberg reports

Anthropic's initial public offering is roughly six-times oversubscribed, according to Bloomberg, positioning it as one of the largest IPOs in history with a potential valuation between $1.26trn and $1.41trn. The company priced its stock at $70 to $78 per share, aiming to raise around $64bn, which combined with $26bn in purchase commitments from major tech firms would surpass SpaceX's June debut. Demand details could still change, and Anthropic is hosting investor events, including a livestream with CEO Dario Amodei and JPMorganChase CEO Jamie Dimon on 13 November. Anthropic, valued at $965bn in its last funding round, expects to list on Nasdaq under 'ANT' later this month. H1 revenue hit nearly $16.3bn, up 1,300pc year-on-year, though net loss stands at $80.7bn due to financing adjustments. The company has multi-billion-dollar spending commitments with Microsoft, Google, Amazon, and SpaceX, and recently launched new AI models and office tools.