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Anthropic IPO draws about 6x subscription demand: seeking up to $64.4 billion, targeting roughly $1.4 trillion valuation

Source: IT之家 Published: Business & Funding 中文 IPO估值 2 more articles on this event →
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Investor orders for Anthropic's planned initial public offering have reached roughly six times the number of shares available, Bloomberg reported. According to its filings, Anthropic and its co-founders plan to raise up to $64.4 billion in the IPO plus $26 billion in a concurrent private placement — up to $90.4 billion in total — at a target fully diluted valuation of about $1.4 trillion, below what some investors had expected, with 英伟达 planning to subscribe to about $10 billion of Anthropic stock in the private placement. Underwriters have told some investors that Anthropic will prioritize existing investors, and the company disclosed that its revenue run rate reached $81 billion as of Oct. 31, up $10 billion from the end of September, though the metric is not equivalent to realized full-year revenue.

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Anthropic IPO sees roughly 6x subscription demand: seeks to raise up to $64.4 billion, targets valuation of about $1.4 trillion

IT Home, November 13 news: According to a Bloomberg report today, subscription demand for Anthropic's planned initial public offering (IPO) continues to grow, with investor orders submitted so far reaching about 6 times the number of shares available.

According to documents filed by Anthropic, the company and its co-founders plan to raise up to $64.4 billion through the IPO (approximately RMB 430.519 billion at current exchange rates), while also raising $26 billion through a concurrent private placement, bringing the two financings to a total of up to $90.4 billion.

Anthropic's current target fully diluted valuation is about $1.4 trillion (IT Home note: approximately RMB 9.36 trillion at current exchange rates). This valuation is lower than some investors had previously expected.

As subscription demand exceeds the number of shares available, some potential investors may not receive the allocation they expected. People familiar with the matter said underwriting banks have told some investors that Anthropic will prioritize existing investors, and some new investors may ultimately receive fewer shares than expected.

According to the filed documents, 英伟达 plans to subscribe to about $10 billion (approximately RMB 66.851 billion at current exchange rates) of Anthropic stock in the $26 billion private placement. The company is also an important strategic partner of Anthropic.

In addition, Anthropic is raising IPO awareness through events for potential investors. Company CEO 达里奥 · Amodei and JPMorgan Chase CEO Jamie Dimon plan to participate in a livestreamed event on November 13.

Anthropic disclosed in a filing on November 10 that, as of October 31, the company's revenue run rate had reached $81 billion, an increase of $10 billion from the end of September. However, this metric, based on the company's disclosed calculation method, annualizes recent consumer service fees and subscription revenue, and is not equivalent to full-year revenue already realized.

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