- Anthropic’s IPO has drawn orders for multiple times the shares on offer, Bloomberg reported Nov. 11, 2026, citing people familiar with the matter.
- Combined with a private placement, Anthropic and its co-founders could raise as much as $90.4 billion at the top of the filed price range.
- That combined total would surpass SpaceX’s IPO, setting a new record for a stock market debut.
- Anthropic is targeting a roughly $1.4 trillion valuation on Nasdaq under the ticker ANT, though terms could still shift before pricing.
What Happened
Anthropic’s initial public offering has drawn investor orders covering multiple times the shares available, Bloomberg reported Nov. 11, 2026, citing people familiar with the matter. The strong demand comes as the Claude maker finalizes terms for what could be the largest first-time share sale on record.
Why It Matters
The oversubscription follows a roadshow that opened Nov. 9 with valuation talk already sliding to the $1.1-1.3 trillion range, as MegaOne AI reported at the time. Strong order books now suggest investor appetite outpaced that early caution, even after Anthropic’s S-1 disclosed an $80.7 billion net loss last month.
Technical Details
Through the IPO and a concurrent private placement, Anthropic and its co-founders could raise a combined $90.4 billion at the top of the filed range, a sum that would exceed SpaceX’s IPO total. Anthropic is targeting Nasdaq listing under the ticker ANT at a valuation near $1.4 trillion.
Who’s Affected
Early backers including Amazon and Google stand to see outsized returns given their existing stakes, while institutional investors competing for allocation face a deal likely to price toward the high end of its range. Rival OpenAI, which is pursuing its own IPO path, will be watched for whether its offering can match this demand.
What’s Next
Final pricing and the Nasdaq debut are expected in the coming days, with the deal’s size and valuation to be set once order books close. Bloomberg’s Bailey Lipschultz, who first reported the oversubscription, noted terms “may still shift” before the listing is finalized.
