CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Anthropic's IPO is about six times oversubscribed, Bloomberg News reports

By Reuters News

Nov 12 (Reuters) - Anthropic's initial public offering has drawn about six times the orders for the shares available for what could be the largest first-time share sale, Bloomberg News reported on Thursday.

Bankers told prospective investors that Anthropic will prioritize its existing backers, leaving some would-be buyers with smaller allocations than expected, the report added, citing people familiar with the matter.

Details of the IPO, including the demand for shares, could change, according to the report. Anthropic could not immediately be reached for comment on the report.

Anthropic's initial public offering will value the Claude chatbot creator at up to $1.4 trillion, slightly below some investor expectations, setting up a key test of Wall Street's confidence in the artificial intelligence boom.

The AI lab and some of ​its existing shareholders are aiming to raise up to $64.4 billion in the IPO by selling 825 million shares priced between $70 and $78 each. Shares are expected to start trading on ​the Nasdaq on November 19 under the symbol "ANT."

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.