Artificial Intelligence · AI business · 37 outlets (L 4 · C 14 · R 7 · 12 not rated)

Anthropic launches IPO roadshow with shares priced at $70 to $78

Anthropic launched the roadshow for its initial public offering on Tuesday, setting a price range of $70 to $78 per share in an updated SEC filing.^{⁠[25, 62, 74 +1]} The company and some of its investors plan to sell 825 million shares, which would raise up to about $64.4 billion at the top of the range, according to the Financial Times and Yahoo News.^{⁠[32, 49, 63]} Outlets put the targeted valuation at up to $1.4 trillion, though some reported figures of about $1.3 trillion or up to $1.02 trillion, depending on how the share count is calculated.^{⁠[6, 52, 55 +2]}

Beyond the public offering, Anthropic is securing $26 billion through a private placement with Google, Nvidia, Microsoft and other major tech firms as anchor investors, The Decoder reported.^⁠[74] The valuation falls short of the $2 trillion that had been rumored earlier this year before investors cooled on AI stocks, according to The Guardian and Fortune.^{⁠[3, 35, 46]}

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Read first Anthropic seeks valuation of about $1.3 trillion when it becomes a publicly traded company · ABC News