Reported on November 11, Anthropic's initial public offering (IPO) has drawn subscription demand several times the number of shares available, driven largely by subscription intentions from major cornerstone investors. The company and its co-founders plan to raise up to $90.4 billion in total through the IPO and a private placement. If completed, the deal would surpass the SpaceX IPO and become the largest listing transaction in history. Anthropic is targeting a fully diluted valuation of approximately $1.4 trillion, below some investors' earlier expectations.
