Anthropic's IPO draws about 6 times the orders for its shares, up from "multiple times" earlier this week
Anthropic (ANT) has drawn orders for about six times the shares on offer in its IPO, Bloomberg reports.
Earlier in the week, Bloomberg had reported only that the IPO was multiple times oversubscribed, with no number.
Anthropic is selling 825M shares at $70 to $78 each, its latest prospectus shows. At the top of the range, the sale raises up to $64.4B.
Demand is expected to leave some investors with fewer shares than they requested. Bloomberg reports that Anthropic plans to favor existing backers when allocating shares, according to bankers who have spoken with prospective buyers.
The demand comes as investors pull back from AI stocks. Nvidia (NVDA) was down 3.4% as of 12:17 p.m. ET on Friday, following Jensen Huang's exit as its CEO this week. The Nasdaq 100 was down 1.8%.
Nvidia is also one of Anthropic's backers in the deal. It plans to buy about $10B of shares in a $26B private placement at the IPO price, alongside Alphabet (GOOGL), Microsoft (MSFT), TSMC (TSM), and others.
Growth forecasts help explain the appetite. Goldman Sachs (GS), which leads the IPO with Morgan Stanley (MS), expects Anthropic's revenue to top $600B by 2030, Semafor notes.
Anthropic's run-rate revenue, its recent sales annualized, reached about $81B as of October 31, up $10B in a month.
At $78, Anthropic would be worth about $1.02T based on the shares outstanding after the IPO and the placement. Including stock options, restricted stock units, and shares reserved for employee plans, the valuation rises to about $1.4T, according to Bloomberg.
Anthropic expects to set the final price on Wednesday, November 18. The shares are due to start trading on the Nasdaq the next day.
Sources & Further Reading
- "Anthropic's IPO Is About Six Times Oversubscribed." Bloomberg. November 12, 2026.
- "Anthropic, PBC Amendment No. 2 to Form S-1." Securities and Exchange Commission. November 10, 2026.
- "Demand remains strong for Anthropic IPO despite tech pullback." Semafor. November 13, 2026.
This article was drafted with the help of AI. Aubrey Wood fact-checked, edited and published the article and is responsible for its accuracy and quality. How we use AI
