Anthropic's IPO said to be six times oversubscribed

What happened: Anthropic's IPO has drawn about six times the orders for the shares available, Bloomberg reported, citing people familiar with the matter. Key numbers: Seeking to raise as much as $64.4B in the IPO and $26B in a private placement. Targeting a fully diluted valuation of around $1.4T. Shares expected to start trading on the Nasdaq on Nov. 19. Why it matters: The listing would be the biggest ever, surpassing SpaceX's IPO. Bankers reportedly told investors existing backers will be prioritized, and some buyers will get smaller allocations than expected. Market: -0.2% today ($342.82), +6.3% YTD, 0.6x vol — as of 10:30 UTC Coverage: 10 outlets in 24h

Anthropic's IPO has drawn about six times the orders for the shares available, Bloomberg reported, citing people familiar with the matter.

The listing would be the biggest ever, surpassing SpaceX's IPO. Bankers reportedly told investors existing backers will be prioritized, and some buyers will get smaller allocations than expected. Market: -0.2% today ($342.82), +6.3% YTD, 0.6x vol — as of 10:30 UTC