Institutional-investor interest in Anthropic’s initial public offering is outpacing the early days of SpaceX’s roadshow, according to two people familiar with the companies’ offerings.
\n\nThe Anthropic roadshow is scheduled to run through next Wednesday, when the AI company is expected to price the $64 billion deal. Anthropic and its investment banks are meeting prospective investors in New York, Boston and San Francisco to gauge demand for the offering, one of the people and a third person familiar with the matter said.
\n\nThe IPO drew about two times the orders for the shares available by the end of Tuesday, the first day of the roadshow, one of the people said. By the end of Thursday, the book was six times oversubscribed, one other person said. SpaceX’s IPO was two times oversubscribed by the end of its second day of roadshow, Reuters previously reported.
\n\nWhile that single-digit subscription rate would be considered modest for many highly anticipated IPOs, bankers and investors said demand is impressive for the Anthropic offering given the size of the IPO. They expect Anthropic’s order book to grow substantially as the roadshow progresses, reflecting strong early demand, two of the people said.
\n\nDetails of the IPO, including the…
Original source: https://www.cnbctv18.com/technology/
