Anthropic's IPO is sold out before it sells

Agencies Anthropic PBC ’s initial public offering has drawn multiple times the orders for the shares available, according to people familiar with the matter, as demand accelerates for potentially the biggest first-time share sale ever. The demand was driven by so-called anchor-size indications of interest, the people said, asking not to be identified as the information isn’t public. US Markets Powered By As on 11 Nov 2026, 09:48 PM IST S&P 500 Top Gainers Dell Technologies 375.96 (12.43%) Micron Technology 814.57 (12.34%) Seagate Technology Hldgs 557.01 (11.04%) Super Micro Computer 30.60 (10.11%) Gainers » S&P 500 Top Losers Coterra Energy 32.56 (-8.62%) The Campbell's 21.71 (-3.92%) Lululemon Athletica 106.22 (-3.76%) Airbnb 180.23 (-3.57%) Losers » The Claude chatbot maker and its co-founders are seeking to raise as much as $90.4 billion in the IPO and a private placement, its filings show. Taken together, the offerings would be bigger than SpaceX’s IPO, making it the biggest listing of all time. Details of the IPO could change, said the people. A representative for Anthropic didn’t immediately respond to a request for comment. Anthropic is looking to bolster demand for the IPO with a campaign of events for prospective investors, including a live-streamed event with its Chief Executive Officer Dario Amodei and JPMorgan Chase & Co. CEO Jamie Dimon on Friday, a person familiar with the matter has said. Live Events Also Read | Fed's Bowman flags persistent inflation, expects price pressure to ease next year The company is targeting a fully diluted valuation of about $1.4 trillion, below where some investors expected the company to settle, Bloomberg News reported. Some companies set terms conservatively when they begin formally marketing their IPO, in the expectation that strong demand will push up the final figure and set them up for robust trading in their debuts. Anthropic’s filing Tuesday supported the case for AI spending as sales continued to surge. The company reported a revenue run rate of $81 billion as of Oct. 31, up $10 billion from the end of September, the filing showed. Anthropic had a $65 billion run rate figure at the end of July, Bloomberg News reported. Anthropic defines the metric as annualizing consumption-based fees for a trailing 28-day period and subscription-based fees for a single month. The figures helped improve sentiment for AI stocks , which have partly recovered from last week’s rout. Investors had considered valuations for Anthropic not far above their last private funding round, people familiar with the matter have said, as the Cboe Volatility Index topped 25. Wall Street’s so-called fear gauge now sits below 20, and an upbeat outlook from AI computing provider CoreWeave Inc. Tuesday evening pushed the rebound further along. Some investors are offering a portion of their Anthropic IPO allocation to other prospective backers, letting them collect additional fees and reduce their risk when trading begins, while others with pre-IPO stakes are marketing them to buyers via special purpose vehicles. Goldman Sachs Group Inc. and Morgan Stanley are leading Anthropic’s IPO, with participation from 20 other banks, the filing shows. The stock is expected to trade on the Nasdaq Global Select Market under the symbol ANT. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel ) Read More News on Anthropic IPO JPMorgan Chase NASDAQ ANT Goldman Sachs Group Inc. bloomberg news AI stocks Anthropic PBC Dario Amodei anthropic cboe (What's moving Sensex and Nifty Track latest market news , stock tips , Budget 2025 , Share Market on Budget 2025 and expert advice , on ETMarkets . Also, ETMarkets.com is now on Telegram. 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