Anthropic Sets $70 to $78 IPO Range, Targets $64.35 Billion Raise
Summary
Anthropic set an IPO price range of $70 to $78 for 825 million shares and plans to price Nov. 18 and trade Nov. 19 on the Nasdaq as ANT, people familiar with the details said. At the top of the range it would raise up to $64.35 billion and reach a $1.405 trillion fully diluted valuation.
Key Points
- People familiar say Anthropic targets about 20% retail allocation, far above the typical 5% to 10% for IPOs.
- Anthropic says it will sell $26 billion of Class N stock in a private placement to AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC.
- The people say the book is already covered at $70 to $78 per share on an allocable basis.