The entire village wants Anthropic to subscribe for 6 times the amount it has raised to challenge SpaceX’s record of US$90.4 billion.

Bloomberg reported, citing people familiar with the matter,anthropic Subscriptions for the initial public offering have reached almost six times the number of shares on offer. The cloud AI model developer plans to raise a total of US$90.4 billion through an IPO and a simultaneous private placement, which is expected to exceedspacex Which became the biggest listing case in history.

According to the filing, Anthropic and its co-founders plan to raise $64.4 billion through an IPO and $26 billion through a private placement.

Some people familiar with the matter said that underwriting banks have informed investors interested in subscribing that Anthropic will give priority to existing investors, and some buyers will get fewer shares than expected.

People familiar with the matter requested to remain anonymous because the information has not yet been made public, and reminded that subscription details and other issuance details could still change. An Anthropic spokesperson did not immediately respond to a request for comment.

The popularity of Anthropic stock contrasts with investors’ weakening confidence in Nvidia (also known as Nvidia). Jen-Hsun Huang was removed as CEO after his extramarital affairs were exposed, one of which was suspected of being a Chinese spy.

Anthropic filings show that Huida has agreed to participate in an IPO as well as a US$26 billion private placement and subscribe for approximately US$10 billion of shares. Anthropic has listed Huida as a strategic partner and has pledged tens of billions of dollars to ensure the use of Huida’s most advanced chips.

To attract investors to subscribe, Anthropic has arranged a series of activities. A person familiar with the matter previously revealed that CEO Dario Amodei and JPMorgan CEO Jamie Dimon will jointly participate in a live broadcast event on Friday.

Bloomberg previously reported that Anthropic’s target valuation is about $1.4 trillion based on fully diluted shares, which is lower than some investors were expecting. When some companies officially launch their IPO promotion, they will set the issuance terms conservatively at first, hoping that strong buying will drive up the final price and lay a solid foundation for the stock price performance on the first day of listing.

Anthropic’s filing on Tuesday showed that revenue continued to rise, which supported spending on AI. As of October 31, annual revenue reached US$81 billion, an increase of US$10 billion from the end of September. Bloomberg previously reported that annual revenue was $65 billion at the end of July.

Anthropic’s calculation method is to convert the fees charged and one-month subscription fees into an annual amount based on usage in the last 28 days, not actual revenue for the entire year.

Some investors are transferring their allotted IPO stock quotas to other potential customers to collect additional fees and reduce risk before listing. There are also investors who hold pre-IPO shares and sell their stake to buyers through special purpose vehicles.

The IPO was led by Goldman Sachs and Morgan Stanley, with 20 other banks participating, filing documents show. Anthropic is expected to list on the Nasdaq Global Select Market under the ticker ANT.