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Anthropic’s $90.4 billion IPO is already multiple times oversubscribed, with investor orders reportedly exceeding available shares by several times, according to Bloomberg. The Claude developer is seeking to raise up to $90.4 billion through the offering, drawing demand that outstrips supply. The oversubscription signals strong appetite for large-scale AI listings and could sharpen pricing leverage for Anthropic. What to watch next is final allocation and offer pricing.

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Anthropic, Bloomberg, Walter Bloomberg