Anthropic’s planned IPO drew orders for about six times as many shares as were available by the third day of its roadshow, while investors considered the company’s value and whether it could keep its place in a crowded AI market.
Bloomberg and Reuters reported the order total, citing people familiar with the offering. The total had been reached by Thursday, November 12. On the roadshow’s opening day, demand had been about twice the number of shares available.
Anthropic and some existing shareholders are offering 825 million shares at $70 to $78 each. The sale could raise as much as $64.4 billion. At the highest price in that range, reports on the offering put the company’s value, counting all potential shares, at about $1.4 trillion.
Bankers have told prospective investors that existing backers may receive priority. That could leave other buyers with smaller allocations. Strong early interest has not answered whether Anthropic can maintain its advantage as Google and other rivals advance.
Investors also question whether its Claude chatbot can expand beyond coding into a wider range of work that uses knowledge. These questions make the proposed price a test of how investors value rapidly growing AI companies whose competitive standing may change quickly. The reported demand could change as marketing continues.
The roadshow is scheduled to run through Wednesday, November 18. The company is expected to set the IPO price then.