Anthropic PBC's initial public offering (IPO) attracted orders worth about six times the shares on offer, signalling towards intense investor appetite for what could become the biggest first-time share sale in history, Bloomberg reported.
\n\nPeople familiar with the matter told Bloomberg that bankers had warned prospective investors that Anthropic would prioritise existing backers, so some buyers would receive smaller allocations than they expected. The sources, who asked not to be named because the information was not public, said the details, including the level of demand, could still change.
\n\nThe company and its co-founders were seeking to raise as much as $64.4 billion through the share sale and a further $26 billion through a private placement, its filings showed. Together, the two deals would exceed SpaceX's IPO, making it the largest listing of all time.
\n\nReuters had earlier reported on Tuesday that cornerstone investors, including Alphabet's Google, Nvidia and Advanced Micro Devices, would anchor the private placement. Nvidia agreed to buy about $10 billion of shares, the filings showed.
\n\nAnthropic set a fully diluted valuation target of about $1.4 trillion, Bloomberg reported, which was below what some investors had expected. Reuters had earlier on Tuesday said that the company and some…
Original source: https://www.cnbctv18.com/technology/
