Anthropic’s IPO is said to be multiple times oversubscribed Agencies Anthropic is gearing up for its IPO, aiming to go public on the Nasdaq Synopsis Anthropic PBC is witnessing an overwhelming response for its initial public offering, potentially accumulating up to $90.4 billion.
This bullish sentiment reflects a staggering anticipated market valuation of around $1.4 trillion.
With a significant revenue run rate of $81 billion as of October 31, investor enthusiasm remains high.
The IPO is managed by Goldman Sachs Group Inc.
By Bailey Lipschultz, Bloomberg Last Updated: Nov 11, 2026, 10:05:00 PM IST Follow us Anthropic PBC’s initial public offering has drawn multiple times the orders for the shares available, according to people familiar with the matter, as demand accelerates for potentially the biggest first-time share sale ever.ADVERTISEMENT The demand was driven by so-called anchor-size indications of interest, the people said, asking not to be identified as the information isn’t public.The Claude chatbot maker and its co-founders are seeking to raise as much as $90.4 billion in the IPO and a private placement, its filings show.
Taken together, the offerings would be bigger than SpaceX’s IPO, making it the biggest listing of all time.
Details of the IPO could change, said the people.
A representative for Anthropic didn’t immediately respond to a request for comment.
Anthropic is looking to bolster demand for the IPO with a campaign of events for prospective investors, including a live-streamed event with its Chief Executive Officer Dario Amodei and JPMorgan Chase & Co.
CEO Jamie Dimon on Friday, a person familiar with the matter has said.Also Read | Fed's Bowman flags persistent inflation, expects price pressure to ease next yearADVERTISEMENT The company is targeting a fully diluted valuation of about $1.4 trillion, below where some investors expected the company to settle, Bloomberg News reported.
The company reported a revenue run rate of $81 billion as of Oct.
31, up $10 billion from the end of September, the filing showed.
Anthropic had a $65 billion run rate figure at the end of July, Bloomberg News reported.
Anthropic defines the metric as annualizing consumption-based fees for a trailing 28-day period and subscription-based fees for a single month.ADVERTISEMENT ADVERTISEMENT The figures helped improve sentiment for AI stocks, which have partly recovered from last week’s rout.
Investors had considered valuations for Anthropic not far above their last private funding round, people familiar with the matter have said, as the Cboe Volatility Index topped 25.
Wall Street’s so-called fear gauge now sits below 20, and an upbeat outlook from AI computing provider CoreWeave Inc.
Tuesday evening pushed the rebound further along.Some investors are offering a portion of their Anthropic IPO allocation to other prospective backers, letting them collect additional fees and reduce their risk when trading begins, while others with pre-IPO stakes are marketing them to buyers via special purpose vehicles.Goldman Sachs Group Inc. and Morgan Stanley are leading Anthropic’s IPO, with participation from 20 other banks, the filing shows.
