Anthropic Kicks Off IPO Roadshow With Shares Priced at $70 to $78

What happened

Anthropic is pitching investors on its IPO, offering 825 million Class A shares at $70 to $78 each and targeting a valuation of up to $1.02 trillion. It could raise up to $64.4 billion in the public offering, alongside a separate $26 billion private placement, bringing total share placement volume to as much as $90.4 billion. The stock is set to trade on the Nasdaq under ticker symbol ANT.

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The story so far

Anthropic has begun pitching investors on an IPO of 825 million Class A shares at $70 to $78 each, targeting a Nasdaq listing under ticker ANT. The public offering could raise up to $64.4 billion; a separate $26 billion private placement would bring total placements to as much as $90.4 billion. The new report says the fully diluted valuation is about $1.4 trillion, down from $2 trillion previously discussed in the market. Anthropic’s S-1 says each of its seven co-founders plans to sell 3,378,378 shares, worth about $236 million to $264 million at the proposed price range. After the sale, each would own about 3.2% of outstanding Class A shares, while the founders would collectively control 51.1% of the votes through Class F stock.