Anthropic’s planned public offering is drawing orders that reportedly exceed the available shares by a factor of six. The Claude developer and its co-founders aim to raise up to $64.4 billion in the IPO, with a further $26 billion targeted through a private placement.
A large offering with heavy demand
Bloomberg reports that Anthropic is on track for what could become the largest IPO in history. The reported level of demand means prospective buyers have placed orders for six times the shares available.
The company’s fundraising plan combines two channels: a public offering and a private placement. Together, the targeted amounts would be substantial, while the IPO alone is expected to raise up to $64.4 billion. The private placement target is $26 billion.
The target valuation is roughly $1.4 trillion. The article says the combined plan would surpass even SpaceX’s IPO. Existing investors are set to receive priority in share allocation, a detail that shapes who may get access if demand remains above the number of shares available.
Revenue is part of the investor story
The article points to Anthropic’s financial performance as a likely reason for the interest. Its annualized revenue reached $81 billion by late October, up from $71 billion in September.
Annualized revenue presents a yearly pace based on recent business performance. The figures cited show an increase between September and late October, though they do not by themselves explain how much of the reported IPO demand comes from revenue expectations or other factors.
The reported figures help explain why investors may be watching the offering closely. Still, the article does not provide a breakdown of orders by investor type or say how many shares each group is seeking.
Private placement draws a major buyer
Nvidia is buying $10 billion in Anthropic stock through the private placement, according to the article. That purchase is part of the planned private fundraising, separate from the shares being offered to the public.
The article also notes that Nvidia investors have grown more cautious since CEO Jensen Huang was ousted over an alleged espionage scandal. It gives no further detail on that development or on how investor caution has affected Nvidia’s planned purchase.
For Anthropic, the private placement provides a second route for raising capital alongside the Nasdaq listing. The reported Nvidia commitment accounts for a portion of the $26 billion private placement target; the article does not identify the remaining participants.
Nasdaq listing and investor presentation
Goldman Sachs and Morgan Stanley are managing the planned Nasdaq listing. Anthropic’s proposed ticker is ANT, and CEO Dario Amodei is scheduled to pitch investors in a Friday livestream alongside JPMorgan CEO Jamie Dimon.
The offering’s reported scale, the revenue figures, and the named participants provide a picture of the listing’s preparations. But the article describes targets and a listing that is still being organized; it does not report a completed IPO or a final valuation.
That distinction matters when reading the headline figures. The sixfold order level signals strong reported interest relative to available shares, while the fundraising amounts and valuation remain stated aims. The account therefore describes a high-profile offering in progress, rather than a finalized result.