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Anthropic IPO Draws Sixfold Demand, Bloomberg Says

Orders reportedly exceed the shares available as the Claude maker markets its IPO. The announced price range remains $70–$78 a share.

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Kunkafa News · Published · 2 min read

Kareem FaridBy Discuss with the author on X

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Key points

  • IPO orders reached about six times the shares available, Bloomberg reported.
  • The announced offering covers 825 million shares at $70–$78 each.
  • Pricing is expected November 18, with trading planned for November 19, subject to regulatory clearance.

Anthropic’s IPO drew orders for about six times the shares available, Bloomberg reported on November 12, citing people familiar with the matter. The demand update comes as the Claude developer continues its investor roadshow ahead of a planned Nasdaq debut next week.

Existing backers are being prioritized and some prospective buyers could receive smaller allocations than they expect, Bloomberg said. The demand figures come from sources familiar with the deal, rather than a company announcement.

The terms announced by Anthropic on November 10 cover 825 million shares at $70–$78 each. Most are new shares; about 23.6 million are being sold by existing shareholders, whose proceeds do not go to Anthropic.

Anthropic’s IPO website puts pricing on November 18 and the start of Nasdaq trading under ANT on November 19, subject to regulatory clearance. The final offer price has not been set.

The roadshow highlights $17 billion in third-quarter revenue and a $23.3 billion net loss, including a $21.9 billion non-cash valuation-related charge, according to Anthropic’s financial presentation.

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