Anthropic’s planned IPO is expected to raise as much as $64.4 billion at an indicative price of $70 to $78 a share, Reuters reported on 10 November after seeing the latest draft prospectus. The US AI company and some of its investors plan to sell shares as Anthropic prepares to market the offering.
Key points
- The proposed IPO could raise up to $64.4 billion, with shares priced indicatively at $70 to $78 each.
- The latest draft prospectus sets out plans to issue 825 million shares.
- Seven named cornerstone investors are set to subscribe for $26 billion of Anthropic common stock in a separate private placement.
Anthropic’s proposed sale of 825 million shares
The latest draft sets out plans to issue 825 million shares, according to Futu’s report on the offering. The proposed $70 to $78 band is indicative. Anthropic and some of its investors plan to sell shares within it, rather than the company being the sole seller.
The fundraising target gives prospective buyers a proposed size and price for the IPO. It follows the start of Anthropic’s IPO marketing, previously reported by AI Affairs. Anthropic is preparing to launch its roadshow, Futu reported. Reuters reported that further details of the deal were expected soon.
An earlier AI Affairs report on Anthropic’s IPO filing covered a draft prospectus that reported an $80.7 billion loss. The latest draft supplies the proposed fundraising amount and price band as the company moves towards the share sale.
Seven investors and a separate $26 billion placement
AMD, Broadcom, Google, Micron Technology, Microsoft, Nvidia and TSMC Partners are cornerstone investors set to subscribe collectively for $26 billion of Anthropic common stock through another private placement, Futu reported. That placement is separate from the planned IPO share sale.
Their $26 billion subscription concerns Anthropic common stock, while the indicative $70 to $78 band concerns shares that Anthropic and some of its investors plan to sell in the IPO.
Anthropic did not immediately respond to a request for comment, Reuters reported.
