Anthropic IPO Said to Be Six Times Oversubscribed

Anthropic's initial public offering has drawn about six times the orders for the shares available, according to people familiar with the matter, as interest increases for potentially the biggest first-time share sale ever. The Claude AI model firm and its co-founders are seeking to raise as much as $64.4 billion in the IPO and $26 billion in a private placement, its filings show. Taken together, the offering would be bigger than SpaceX’s IPO, making it the biggest listing of all time. Bloomberg's David Savage reports. (Source: Bloomberg)