Anthropic's IPO is already oversubscribed several times, reports have stated and the barely 70-month-old company is targeting about $90 billion including a private placement, which could better the record of SpaceX. Trading of Anthropic shares will begin next Thursday.

Anthropic IPO: The 70-month-old San Francisco-based Anthropic is on its road to make history with its IPO already oversubscribed multiple times poised to mop up more capital than the SpaceX IPO, which hit the market in June this year. According to Bloomberg, the Claude-maker could raise about $90 billion and can end up bettering the record of $86 billion set by Elon Musk's SpaceX in the middle of this year.

Price band of Anthropic IPO

Reports have highlighted the huge anchor book indications of this public issue. The shares are offered in a price band of $70 to $78 each. This is implying a valuation of about $1.4 trillion.

Stellar strategic investors

Anthropic is offering about 801 million Class A shares, and existing investors are selling about 24 million more. Among the anchor investors in this IPO are AMD, Broadcom, Google (Alphabet), Micron, Microsoft, Nvidia, and TSMC Partners, which is an affiliate of Taiwan Semiconductor Manufacturing Co. According to Anthropic's updated SEC prospectus and filings, these technology companies have committed a combined investment of $26 billion. The breakdown is as follows:

Google (Alphabet): $10 billion
Nvidia: $10 billion
AMD: $2.5 billion
Broadcom: $1 billion
Micron Technology: $1 billion
Microsoft: $1 billion
TSMC Partners: $500 million

How can investors in India buy Anthropic shares?

Investors based in India can also apply for buying Anthropic stocks through platforms such as INDmoney, Vested Finance and Interactive Brokers, subject to account eligibility and local regulations.

One has to open a US investing account and complete KYC verification. The account has to be seeded with authorised international transfer of money. Getting allotment of shares at the IPO is hard. Most Indian retail investors will need to purchase shares after Nasdaq trading begins.

Indirectly one can also try to invest in mutual funds which will invest in shares of Anthropic. Several Indian AMCs offer funds which invest in tech shares in the US.

The RBI's Liberalised Remittance Scheme permits eligible residents to send up to $250,000 overseas per financial year. Applicable taxes, currency conversion charges and reporting requirements must be considered.

(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.)

Anthropic IPO multiple times oversubscribed: Could raise more money than SpaceX