Anthropic IPO draws multiple times the available orders: Why Wall Street sees it as a test of the AI boom

Anthropic’s much-anticipated initial public offering (IPO) has attracted orders several times higher than the number of shares that is being offered, signalling strong investor interest in what could become the world’s largest stock market debut, Bloomberg reported.

The maker of the Claude chatbot is trying to raise as much as $90.4 billion through its IPO and a private placement of shares, according to its filings. The offerings could surpass the $86.2 billion raised by SpaceX in its IPO earlier this year.