Startups & Business3 min
AI company Anthropic sets its IPO price range, aiming to raise up to $64.4 billion
Anthropic has started its roadshow, the pitch to investors before a stock market listing. The company and its shareholders plan to sell 825 million Class A shares at $70 to $78 each, listing on the Nasdaq under the ticker ANT. Reuters says the filing shows the IPO could raise up to $64.4 billion, plus $26 billion from cornerstone investors including Google, AMD and Nvidia, and targets a valuation of up to $1.02 trillion. CNBC says that on a fully diluted basis the valuation could reach $1.405 trillion, up from $965 billion in May. On Monday, Reuters reported that Anthropic had sent bankers a copy of the filing, then said its pricing details were wrong.
Why it matters: This would be one of the largest stock market listings ever. Unless you plan to buy shares, it changes nothing about how Claude works for you.