There's a line outside Anthropic's IPO, and the bankers want everyone to see it. Any nightclub owner knows the crowd outside says more about the door than the party. Anthropic's (ANTH.PVT) offering has drawn multiple times the orders for the shares available, Bloomberg reported Wednesday, led by anchor-size orders. With a private placement, Anthropic and its co-founders are raising as much as about $90 billion at a targeted $1.4 trillion valuation, which would make it the biggest listing ever. Impressive? Sure. Rare? Not even close. Saudi Aramco (2222.SR) drew nearly five times the shares on offer in 2019, or $119 billion of bids for a $26 billion sale.
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