‘This is the big one’: Fundies have their say on Anthropic IPO

Nov 14, 2026 – 5.00am After months of speculation, artificial intelligence giant Anthropic is finally in the home stretch for its blockbuster initial public offering. While some of Australia’s top fund managers can’t wait to snag a slice of the first publicly listed frontier AI lab, other investors aren’t willing to pay top dollar for the uncertainty attached to it.

The company behind the Claude large language model aims to raise as much as $US90.4 billion ($132.8 billion) in the IPO and a private placement, which would surpass SpaceX as the biggest listing ever. The deal, which is set to be priced next Wednesday (Thursday AEDT) and trade the following day, has already drawn several times the orders for the available shares.

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