Anthropic sets IPO range of $70 to $78, up to $1.404 trillion
Original title: Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
The 825 million-share sale could raise as much as $64.35 billion, with Nasdaq trading targeted near November 19.
Anthropic’s updated IPO filing offers 825 million Class A shares at $70 to $78, implying up to $1.404 trillion fully diluted. That is above a May fundraise valuation of $965 billion but below a reported $2 trillion target. A private sale of $26 billion in non-voting Class N stock includes $10 billion each from Google and Nvidia. Nine-month revenue was $33.2 billion against a $104 billion net loss.
Unconfirmed: A $2 trillion target, a November 19 Nasdaq start, and OpenAI’s $1.25 trillion valuation are reported rather than confirmed in the filing.
- The Class A sale could raise $57.75 billion to $64.35 billion.
- Estimated net proceeds, including the private sale, are $84.6 billion to $93.7 billion.
- Underwriters may buy up to 123.75 million additional shares at the IPO price.
- Founders’ Class F shares retain 50.1% of voting power.
- Compute and infrastructure commitments were listed at $900.9 billion.
From the original article
2 min read at techcrunch.com
The company could end up being worth a hefty $1. 404 trillion if its shares list at the top of the price range, on a fully diluted basis.
By Rebecca Bellan, Ram Iyer · techcrunch.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.