Anthropic’s initial public offering is multiple times oversubscribed as the Claude maker markets 825 million Class A shares at $70 to $78 each, Bloomberg reported. Alongside its US listing, the company is running public offerings in six international markets including Australia, Canada and the UK, and expects to issue $3 billion to $3.5 billion of shares to Japanese investors.
The $70 to $78 price band seeks up to $64.35 billion in the base offering and implies a valuation of up to $1.02 trillion on outstanding shares, or $1.26 trillion to $1.41 trillion on a fully diluted basis. Following the surge in orders, underwriters led by Goldman Sachs and Morgan Stanley are preparing to lift the offering price above that range to value the company at $1.5 trillion or more, the Financial Times reported.
