Anthropic IPO Draws Huge Demand as Share Orders Hit Six Times Available Stock

Anthropic PBC has received share orders about six times larger than the stock available for its initial public offering. ## The Offering and Targets The firm behind the Claude AI model and its co-founders aim to raise up to $64.4 billion through the IPO alongside another $26 billion in a private placement. These combined amounts could make it the largest stock market listing in history, surpassing SpaceX. Bankers have warned potential buyers that current investors will get priority, meaning some new buyers will receive fewer shares than requested. ## Partnerships and Chipmaker Investment Nvidia Corp. has agreed to purchase about $10 billion in shares as part of the private placement tied to the IPO. This comes even as Nvidia faces leadership changes after its CEO Jensen Huang was ousted following reports of affairs, including one involving a woman suspected of spying for China. Anthropic relies on Nvidia as a key strategic partner for advanced chip deals. ## Investor Events and Financials Anthropic CEO Dario Amodei and JPMorgan Chase & Co. CEO Jamie Dimon are set to join a live-streamed investor event on Friday to boost demand. The company is targeting a valuation of about $1.4 trillion, which is lower than some investors initially expected. Financial filings show Anthropic's revenue run rate reached $81 billion as of October 31, up from $65 billion at the end of July. Goldman Sachs Group Inc. and Morgan Stanley are leading the IPO with 20 other banks, and the stock will trade on the Nasdaq Global Select Market under the symbol ANT. ## Context Initial public offerings allow private companies to sell shares to the public for the first time to raise large amounts of capital for future growth. A massive surge in demand before the launch often leads to heavy trading activity when the stock officially begins trading on the exchange. Technology firms relying on artificial intelligence have attracted massive financial backing from global investors in recent years.