Anthropic IPO Oversubscribed, Bankers Weigh $1.5T+ Valuation; Nvidia and Google Each Buy $10B

Anthropic's S-1/A filed Nov 10 sets an IPO price range of $70-$78 and names Nvidia and Google as each committing about $10B of the $26B concurrent private placement at the IPO price. Bankers are already preparing to raise the deal after Day 1 of the roadshow produced orders large enough to cover the offering, with a $1.5T-plus valuation now on the table versus $1.1T talk a week ago. Pricing is targeted for Nov 18 ahead of a Nasdaq debut as 'ANT' on Nov 19.