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Anthropic’s IPO has reportedly drawn roughly six times as many orders as there are shares available, according to First Squawk, signaling intense investor demand for what could become the largest first-time share sale ever. The oversubscription suggests the AI developer’s offering is heavily favored by institutional buyers, though the tweet did not specify the deal size, valuation, or pricing range. Such a high order-to-share ratio implies the final allocation will be sharply scaled back and could support a strong debut. What to watch next: the formal offer price, implied valuation, and whether the demand holds through the first trading session.

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