Anthropic sets $70–$78 IPO range for 825 million shares
Anthropic has launched the roadshow for an IPO of 825 million Class A shares, priced at $70–$78 each, and applied to list on Nasdaq under the ticker ANT. The offering could raise up to about €55.5 billion ($64.35 billion); separately, the company has agreed to sell €22.4 billion ($26 billion) of non-voting shares to seven technology companies. CNBC reports the company plans to price the deal on 18 November and begin trading on 19 November, but the filing does not confirm those dates.
Bottom line — At the top of the range, CNBC puts Anthropic’s fully diluted valuation at about $1.4 trillion.
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Anthropic is selling 801.35 million shares; existing shareholders are selling the remaining 23.65 million, according to the company’s filing.
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The company says Google and Nvidia will each invest about €8.6 billion ($10 billion) in the private placement.
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AMD, Broadcom, Micron, Microsoft and TSMC are also participating in the private placement, the filing says.
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Anthropic expects run-rate revenue to reach about €69.7 billion ($81 billion) by the end of October, according to its filing.
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CNBC reports the company is targeting a retail allocation of about 20% of the offering; Anthropic has not confirmed that figure.
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The registration statement is not yet effective, so the shares cannot be sold until the SEC declares it effective.