Nscale updates IPO filing with revenue jump and wider expected loss
The Nvidia-backed British cloud provider disclosed preliminary nine-month revenue of $307.5 million but has not announced offering terms.
Anthropic IPO orders reach about six times available shares, report says
The Claude developer and existing shareholders aim to raise up to $64.4 billion, with Nasdaq trading expected to begin on November 19.
Demand for Anthropic's initial public offering amounts to about six times the shares on offer, according to a media report on November 12. The sale could be the largest first-time share offering, though its terms and level of demand could still change.
Citing people familiar with the matter, the report said bankers had informed prospective investors that existing backers would receive priority. That would leave some potential buyers with fewer shares than they had anticipated. Anthropic was not immediately available to comment on the report.
The IPO would give the company behind the Claude chatbot a valuation of up to $1.4 trillion, slightly below what some investors had expected. Anthropic and some current shareholders are seeking up to $64.4 billion through the sale of 825 million shares, with an offering range of $70 to $78 per share.
Trading on the Nasdaq is expected to begin on November 19. The shares would use the ticker symbol “ANT.”