Anthropic's IPO is about six times oversubscribed, Bloomberg News reports

Nov 12 (Reuters) - Anthropic's ⁠initial public offering has drawn about ⁠six times the orders for the shares available for what could be the largest first-time share sale, Bloomberg News reported on Thursday.

Bankers told prospective investors that Anthropic will ⁠prioritize its existing backers, ⁠leaving some would-be buyers with smaller allocations than ⁠expected, the report added, citing people familiar with the matter.

Details of the ⁠IPO, including the demand for shares, could change, according to the report. Anthropic could not ⁠immediately be reached for comment on the report.

Anthropic's initial public offering will value the Claude chatbot creator ⁠at up to $1.4 trillion, slightly below some investor expectations, setting up a key test of Wall Street's confidence in the ⁠artificial intelligence boom.

The AI lab and some of its existing shareholders are aiming to raise up to $64.4 billion in the IPO by selling 825 million shares ⁠priced between $70 and $78 each. Shares are expected to start trading on the Nasdaq on November 19 under the symbol "ANT."

(Reporting by Pritam Biswas in Bengaluru; Editing by Leroy Leo)