Anthropic started marketing its proposed initial public offering on November 10 with an expected price of $70 to $78 a share. It has applied to list its Class A shares on the Nasdaq Global Select Market under the ticker ANT. The initial public filing in October gave neither the price range nor the number of shares.
How much Anthropic could raise
At the proposed range, the 825 million shares would sell for about $57.8 billion to $64.4 billion in total before fees. Anthropic is offering about 801.4 million of those shares, which would bring the company roughly $56.1 billion to $62.5 billion before fees and before any exercise of the underwriters’ option. Existing holders are offering the rest and would keep the proceeds from their sales.
In a separate private placement, seven companies including Google, Nvidia and Microsoft agreed to buy $26 billion of Anthropic’s nonvoting shares at the IPO price, subject to the IPO closing and other conditions.
Anthropic estimates about $84.6 billion in net proceeds for the company from both transactions at the $74 midpoint. That estimate excludes any extra shares bought through the underwriters’ option. The company lists compute and infrastructure among its intended uses for the money.
Anthropic said its registration statement had yet to take effect when it announced the roadshow. The final price and trading start date are pending.