Anthropic's mega-IPO reported multiple times oversubscribed
Bloomberg reports Anthropic's up-to-$90.4B IPO has drawn several times more orders than shares. Pre-IPO perpetuals on crypto venues imply a valuation well above the marketed range.
What we know
Bloomberg reports, citing people familiar, that Anthropic's offering has attracted several times more orders than shares available, as the company aims to raise up to $90.4B. A market news account says the company is marketing 825M shares at $70–78, targeting a $1.25T–$1.4T valuation. Bankers are reportedly pushing for a higher valuation, with warnings that a weak debut could prick the AI bubble. In crypto, Hyperliquid's Anthropic pre-IPO perps trade at a 37% premium to the top of the IPO range, implying about a $1.9T fully diluted valuation, per trade.xyz. A trader notes a 0.54% price gap between Lighter ($1670) and Hyperliquid ($1679). Kraken says IPO access requests are now open. One report relayed by a stock trader says Anthropic told the sell side its SpaceX compute contract will not continue (unconfirmed).
How the story developed
Bloomberg reports Anthropic's up-to-$90.4B IPO has drawn several times more orders than shares. Pre-IPO perpetuals on crypto venues imply a valuation well above the marketed range.
Bloomberg-sourced reports say Anthropic's IPO is multiple times oversubscribed, with a $1.25T–$1.4T target valuation. Pre-IPO perps imply far higher.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“ANTHROPIC'S $90 BILLION IPO IS ALREADY MULTIPLE TIMES OVERSUBSCRIBED”
View post →“ANTHROPIC HYPERLIQUID PRE-IPO PERPS RISE TO A 37% PREMIUM... $1.9T FDV”
View post →“Anthropic IPO access is now open (Kraken)”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.