Summary:
Anthropic PBC's initial public offering (IPO) has attracted about six times the subscription of shares available for purchase, according to people familiar with the matter, as investors become increasingly interested in what is expected to be the largest stock offering in history.
The Claude AI model developer and its co-founders plan to raise up to $64.4 billion through an IPO and $26 billion through a private placement, according to company filings.
If the two are combined, the scale of this IPO will exceed that of SpaceX and become the largest listing transaction in history.
Bankers have told potential investors that Anthropic will prioritize existing backers and some potential buyers will be allocated fewer shares than they expected, people familiar with the matter said.
Details of the IPO, including demand for shares, may change, people familiar with the matter said. The people spoke on condition of anonymity because the information has not been made public. Anthropic representatives have not yet commented.
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