What happened
Anthropic plans to offer 825 million Class A shares at $70 to $78 each, implying a valuation of up to $1.404 trillion and estimated IPO proceeds of $57.75 billion to $64.35 billion. Its updated filing also reports $81 billion in run-rate revenue by the end of October, a nine-month net loss of $104 billion, and $900.9 billion in compute and infrastructure commitments.
Why it matters
The filing pairs Anthropic’s proposed share terms with revenue, losses, and infrastructure commitments, giving readers concrete financial context for its planned IPO.