Anthropic IPO six times oversubscribed as AI firm targets record $1.4 trillion valuation
Anthropic is receiving high interest for its initial public offering, potentially raising around $90.4 billion. The company plans to sell 825 million shares at a price range between $70 and $78 each. Nvidia has committed to purchasing shares as part of the private placement while several tech giants are also involved. Anthropic reported a revenue run rate of $81 billion as of October 31, reflecting substantial growth.