Anthropic's IPO is about 6 times oversubscribed: Report

Anthropic's IPO has attracted around six times more orders than the shares available, Bloomberg News reported. The company is targeting a valuation of up to $1.4 trillion and aims to raise up to $64.4 billion by selling 825 million shares at $70-$78 each. Shares are expected to start trading on the Nasdaq on November 19.