Anthropic is on track for the largest IPO ever, with orders exceeding available shares by a factor of six. That’s according to Bloomberg. The Claude developer and its co-founders aim to raise up to $64.4 billion through the public offering and another $26 billion via a private placement, which would surpass even SpaceX’s IPO. The target valuation sits at roughly $1.4 trillion, with existing investors getting priority in share allocation.
The company’s financials likely fuel much of the demand. Anthropic’s annualized revenue climbed to $81 billion by late October, up from $71 billion in September. Nvidia, whose investors have grown more cautious since CEO Jensen Huang was ousted over an alleged espionage scandal, is itself buying $10 billion in Anthropic stock through the private placement. Goldman Sachs and Morgan Stanley are managing the Nasdaq listing under the ticker ANT, and CEO Dario Amodei will pitch investors alongside JPMorgan CEO Jamie Dimon in a Friday livestream.
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