Anthropic IPO Could Raise Up to $64.4B at $70-$78 Per Share, Filing Shows

Anthropic’s IPO could raise as much as $64.4 billion, according to a draft prospectus seen by Reuters on Tuesday. The filing shows an indicative price band of $70 to $78 per share, Reuters reported, and the company is preparing to launch marketing for the deal.

TechCrunch reported that Anthropic plans to offer 825 million Class A shares, which implies gross proceeds of $57.75 billion to $64.35 billion. At the top of the range the implied valuation is $1.404 trillion on a fully diluted basis, TechCrunch said. The shares are expected to list on Nasdaq under the ticker ANT, with trading expected to begin around November 19, citing CNBC.

Underwriters would also hold an option to buy up to 123.75 million additional shares from Anthropic at the IPO price, TechCrunch reported. Exercising it would lift estimated net proceeds to $93.7 billion, versus $84.6 billion without it.

Crypto Insiders, which reported the raise in euros at over 57 billion, appears to be converting the $57.75 billion low end of the range. The $64.4 billion figure is the maximum before the underwriter option. Pricing may still change before the offering is finalized, and the figures come from a draft document rather than a final prospectus.

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Sources:

• Reuters via Investing.com: Anthropic IPO to raise as much as $64.4 billion, latest draft prospectus shows

• TechCrunch: Anthropic sets IPO price range of $70 to $78 per share