The AI feast is not over! Anthropic (ANT.US) IPO received six times more subscriptions, and is expected to surpass SpaceX to become the “biggest IPO in history”

The Zhitong Finance App learned that, according to people familiar with the matter, Anthropic PBC (ANT.US)'s initial public offering (IPO) has attracted about six times more orders than subscribable shares, and the market's interest in what is expected to become the largest IPO in history continues to heat up.

According to the prospectus, the Claude AI model company and its co-founder plan to raise up to $64.4 billion in the IPO and another $26 billion through private placement. Taken together, the scale of this offering will surpass SpaceX's (SPCX.US) IPO, making it the largest listing deal ever.

Some people familiar with the matter said that the underwriting investment bank has told potential investors that Anthropic will give priority to existing supporters, and that some intended buyers will end up receiving a lower share of the placement than expected.

The above sources said that the details of the IPO (including share subscription requirements) are still subject to change. Since the information has not been made public, these individuals requested anonymity. Anthropic's representatives did not immediately respond to requests for comment.

Investors are actively subscribing to Anthropic shares, in stark contrast to their current cooling attitude towards NVDA.US (NVDA.US) — it was previously reported that Nvidia CEO Wong In-hoon was removed from office due to numerous rumors of extramarital affairs.

According to Anthropic's prospectus, the chipmaker has agreed to subscribe for approximately $10 billion of Anthropic's shares in the $26 billion private placement carried out at the same time as Anthropic's IPO. Anthropic sees Nvidia as a strategic partner and has promised to invest tens of billions of dollars in related deals to ensure the supply of its most advanced chips.

A person familiar with the matter said that Anthropic is boosting IPO demand through a series of roadshows for potential investors, including a live event with the participation of its CEO Dario Amodei and J.P. Morgan CEO Jamie Dimon on Friday.

According to reports, the company is targeting a fully diluted valuation of around $1.4 trillion, which is lower than some investors' expectations. However, many companies will use conservative pricing when the IPO officially launches the roadshow, hoping that strong subscription demand will drive up the final pricing and guarantee strong performance on the first day of listing.

Documents disclosed by Anthropic on Tuesday also confirm the growth logic of AI computing power investment — the company's revenue continues to rise. According to the documents, as of October 31, the company's annualized revenue was 81 billion US dollars, an increase of 10 billion US dollars over the end of September. According to previous reports, Anthropic's annualized revenue at the end of July was 65 billion US dollars. The company defines this metric as taking the past 28 days of pay-as-you-go revenue annualized and superimposing monthly subscription revenue.

Additionally, the report indicates that some investors are transferring part of Anthropic's IPO placement shares to other potential supporters in order to charge additional fees and reduce risk before the transaction begins; other investors holding pre-IPO shares are promoting these shares to buyers through special purpose carriers.

According to the documents, Goldman Sachs Group and Morgan Stanley led the IPO, and 20 other banks participated in the underwriting. The stock is expected to be traded on the NASDAQ Global Select Market under the symbol ANT.