Reportedly Anthropic's IPO Is Several Times Oversubscribed, Raising Up to About $64.35 Billion

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According to reports citing sources, the initial public offering (IPO) of artificial intelligence (AI) company Anthropic has been several times oversubscribed, with the scale of subscription orders submitted by investors reaching several times the number of shares available for subscription.

People familiar with the matter disclosed that the strong subscription demand mainly came from large subscription intentions expressed by some major investors, but the specific details of the IPO may still change.

According to regulatory filings, Anthropic plans to issue and sell a total of 825 million shares at a price of $70 to $78 per share, with the IPO size at up to approximately $64.35 billion, of which about 801 million shares will be issued by the company and the remainder sold by existing shareholders. In addition, the company plans to raise $26 billion through a separate private placement transaction, bringing the combined size of the two transactions to up to approximately $90.4 billion.

Based on the upper limit of the offering price range of $78 per share, Anthropic's basic market value after completion of the IPO and private placement would be approximately $1.02 trillion. Including stock options, restricted stock units and other potential shares, its fully diluted valuation would be up to approximately $1.4 trillion.

This target is significantly lower than the expectations of some investors earlier. Earlier this year, the market had expected Anthropic might list in October at a valuation reaching or even exceeding $2 trillion.

Some companies set relatively conservative offering terms when formally launching IPO marketing, hoping that strong market demand will drive the final offering valuation higher and create conditions for strong trading performance on the first day of listing.

According to previous media reports, due to enthusiastic investor subscription, Anthropic's underwriters are considering raising the IPO price range.

According to regulatory filings, Goldman Sachs Group and Morgan Stanley serve as lead underwriters for Anthropic's IPO, with another 20 banks participating in the underwriting.

Anthropic has launched an investor roadshow. According to media reports, the company is expected to determine the final IPO offering price on November 18 and begin trading on the Nasdaq Global Select Market on November 19 under the ticker symbol "ANT."

People familiar with the matter said that to further boost investor demand, Anthropic also plans to further attract potential investors through a series of events, including a livestream event scheduled for Friday, which Anthropic CEO Dario Amodei and JPMorgan CEO Jamie Dimon will attend together.

Some investors are transferring part of the Anthropic IPO share allocation they expect to receive to other potential investors in exchange for additional fees and to reduce risk after the stock begins trading.

Other investors who already held Anthropic shares before the IPO are pitching their holdings to potential buyers through special purpose vehicles (SPVs).

Anthropic's most recent funding round took place in May this year, when the company announced the completion of $65 billion in financing, with a post-investment valuation of $965 billion, led by institutions including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.

(Source: Cailian Press) Middle of the main body Embedded advertisement