Anthropic IPO Sees Multiple Times Oversubscription As AI Firm Targets $90.4 Billion Fundraise And $1.4 Trillion Valuation

Anthropic's initial public offering (IPO) has received bids several times higher than the shares available, according to people familiar with the matter. Demand has been supported by substantial interest from large investors.

The Claude chatbot developer is seeking to raise up to $90.4 billion through an IPO and a private placement involving its co-founders. The combined fundraising could make it the largest stock market listing in history.

Anthropic IPO Targets $1.4 Trillion Valuation

Anthropic is seeking a fully diluted valuation of approximately $1.4 trillion. The proposed fundraising could exceed the size of SpaceX's IPO.

However, the final terms of the offering could change depending on investor demand.

The company is organising events to attract prospective investors. One such event will feature Anthropic chief executive Dario Amodei and JPMorgan Chase chief executive Jamie Dimon.

Anthropic Revenue Run Rate Reaches $81 Billion

Anthropic reported an annualised revenue run rate of $81 billion as of 31 October 2026. This was $10 billion higher than the figure recorded at the end of September.

The company's revenue run rate stood at $65 billion at the end of July 2026.

The latest figures have supported investor confidence in artificial intelligence companies. AI stocks have also recovered some of their losses following a recent market sell-off.

Goldman Sachs And Morgan Stanley Lead Anthropic IPO

Goldman Sachs and Morgan Stanley are managing Anthropic's public offering. Another 20 banks are participating in the transaction.

The company's shares are expected to trade on the Nasdaq Global Select Market under the ticker symbol ANT.

Meanwhile, some investors are offering portions of their IPO allocations to other buyers. Others holding shares before the listing are seeking buyers through special purpose vehicles.

These transactions could allow existing investors to reduce their exposure ahead of the company's stock market debut.

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