Demand for Anthropic stock ahead of IPO exceeds supply sixfold
American company Anthropic, developer of artificial intelligence Claude, faced extremely high demand for its shares ahead of its stock market debut. The number of investor applications approximately six times exceeded the volume of securities the company plans to offer during its initial public offering (IPO).
Bloomberg reported this on November 12, citing sources familiar with the offering preparation.
Due to significant oversubscription, Anthropic plans to prioritize existing investors. According to the agency's interlocutors, the underwriting banks have already warned potential buyers that they may receive fewer shares than expected.
The final allocation of securities has not yet been determined. Bloomberg sources note that demand and parameters of the upcoming offering may still change. Anthropic representatives did not comment on this information at the time of publication.
According to the updated prospectus filed with the U.S. Securities and Exchange Commission (SEC) on November 10, the company and its shareholders plan to offer investors 825 million shares at a price between $70 and $78 per share.
At the top of the price range, the IPO could reach $64.4 billion, and Anthropic's market valuation approximately $1.4 trillion. This will make Claude's developer's stock market debut one of the largest offerings in stock market history.
In parallel, Anthropic has agreed on a private placement of shares worth another $26 billion among strategic investors. In particular, Nvidia and Google plan to purchase about $10 billion worth of securities each. AMD, Microsoft, Broadcom, Micron, and TSMC structures are also joining the deal.
Thus, the combined volume of public and private placements could potentially exceed $90 billion. This is more than the June SpaceX IPO, which raised about $75 billion. However, Anthropic's private placement is a separate transaction and is not directly included in the public share sale volume.
According to Reuters, trading in Anthropic shares on the Nasdaq is planned to begin on November 19 under the ticker ANT. The lead underwriters for the IPO are investment banks Goldman Sachs and Morgan Stanley.
High demand for Claude's developer shares persists despite recent sell-offs in the American technology market and heightened investor concerns about the cost of artificial intelligence development.
At the same time, a large number of early indications do not guarantee a rise in share price after the start of exchange trading. The final offering price and real demand in the secondary market will become known after the IPO procedure is completed.
