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IT Home reported on November 11 that Anthropic officially announced the start of its initial public offering (IPO) roadshow on November 10 local time and disclosed its share offering plan.
According to the announcement, Anthropic plans to offer 825 million Class A common shares at a price range of $70 to $78 per share. At the top of the range, the base offering would total up to approximately $64.35 billion (IT Home note: approximately 430.282 billion yuan at current exchange rates).
According to the offering arrangements disclosed by Anthropic, of the 825 million shares in the offering, 801,351,354 will be issued by Anthropic itself, while another 23,648,646 will be sold by certain existing shareholders. Anthropic will receive no proceeds from shares sold by existing shareholders.
Anthropic also expects to grant the underwriters a 30-day option to purchase up to an additional 123.75 million Class A common shares. If the option is exercised in full, the number of shares sold and the amount raised will increase further.
Anthropic has applied to list its Class A common shares on the Nasdaq Global Select Market under the ticker symbol “ANT.” The company said the relevant securities registration statement has been filed with the SEC but has not yet become effective. The shares cannot be sold before the registration statement becomes effective.
Reuters further reported that Anthropic's IPO will be accompanied by a separate private placement, under which it plans to issue $26 billion worth of Class N common shares (approximately 173.851 billion yuan at current exchange rates) to investors including Google, Nvidia, AMD, Broadcom, Micron, Microsoft, and TSMC. Combining the IPO and the private placement, the total amount raised could reach up to $90.4 billion (approximately 604.467 billion yuan at current exchange rates).
On valuation, Reuters reported that at the top of the offering price range, Anthropic's fully diluted valuation would be approximately $1.4 trillion (approximately 9.36 trillion yuan at current exchange rates); excluding potential shares such as stock options and restricted stock, the valuation would be approximately $1 trillion (approximately 6.69 trillion yuan at current exchange rates). Goldman Sachs and Morgan Stanley are serving as the lead underwriters for the IPO.
Related reading:
“Goldman Sachs expects Anthropic's revenue to exceed $600 billion in 2030, placing it among the world's highest-revenue companies”
“Anthropic IPO price range set at $70–$78 per share, targeting a $1.4 trillion fully diluted valuation”
“Report: Anthropic seeks to raise up to $64.4 billion through IPO, with roadshow set to begin soon”
“Sources say Anthropic plans to raise up to $69.3 billion through IPO, putting it among the 2 largest offerings in history”