Investors are treating Anthropic’s planned IPO less like another tech float and more like a market exam. Bloomberg Markets reported that the offering is said to be about six times oversubscribed, with SandboxAQ chief executive Jack Hidary calling it a key bellwether.
The size alone explains some of the attention. Bloomberg said Anthropic and its co-founders are seeking to raise $64.4 billion in the public listing and another $26 billion in a private placement. On those figures, the deal would be larger than SpaceX’s IPO.
That does not tell you whether the valuation is sensible. It tells you demand is arriving before the company has even had the courtesy to ring a bell. In capital markets, oversubscription is a measure of appetite, not proof of digestion.
Still, the number matters because Anthropic is not being framed as a niche software listing. A deal of this size would test whether public investors want AI exposure badly enough to absorb a very large issuance, and whether private capital is still willing to queue alongside them.
Hidary made the comments in an interview with Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa, where he also discussed SandboxAQ’s deals in the UAE on the sidelines of ADIPEC. The useful fact for everyone else is simpler: demand appears strong, and the market is watching this float as a read-through on AI risk tolerance, not just on one company.
Ryan C 
Dua Mifsud 
Sophia Borg 