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

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.” (Reporting by Pritam Biswas in Bengaluru; Editing by ​Leroy Leo)