Symbolic imageAnthropic IPO reported six times oversubscribed as listing nears
Orders for Anthropic's planned Nasdaq listing reportedly reached about six times the available shares, Bloomberg said on Thursday. CEO Dario Amodei is 'not super fussed' about market turmoil, the Financial Times reports.
Bloomberg, citing insiders, reported on Thursday, 12 November, that the offering has drawn roughly six times the shares on sale. Anthropic and its co-founders want to raise up to $64.4bn, plus $26bn through a private placement, which would make it the largest listing ever and bigger than the SpaceX IPO, according to Handelsblatt. Bankers told investors that existing backers will be favoured, so some buyers received fewer shares than expected, and the details may still change. Bloomberg also reports that share orders from China were rebuffed; only its headline was available. The New York Times puts the possible valuation at $1.4tn, the Financial Times at $1.5tn.
Heavy spending expected
The New York Times reports that analysts at Goldman Sachs, the lead bank, have privately forecast a cash burn of more than $65bn next year and $41bn in 2028. The prospectus shows the company generated cash in the first nine months of 2026 and cites about $900bn in computing commitments over two decades.
Nvidia turmoil in the background
Handelsblatt contrasts the demand with Nvidia, whose chief executive Jensen Huang resigned on Thursday after reports of affairs, including one with a woman suspected of spying for China. Nvidia is still expected to invest about $10bn in Anthropic after the IPO, Handelsblatt says.