Anthropic revised its IPO plan to target up to $64.4 billion by offering 825 million shares at $70 to $78 each, down from an earlier plan to raise $69 billion through 867 million shares priced at $70 to $80. The company also secured $26 billion in private-placement commitments from strategic investors including Alphabet, Nvidia, Microsoft, AMD, Broadcom, Micron, and TSMC. The combined IPO and private placement are expected to raise between $87 billion and $95 billion, according to the provided figures. Trading on Nasdaq under the ticker ANT is expected to begin next Thursday or Friday.
Proposed terms call for the sale of 801 million shares at $70 to $78 each, alongside a $26 billion private placement from cornerstone investors.
Read the full storyTechnology companies including AMD, Google, Microsoft and Nvidia have agreed to buy shares in the private placement, as company filings reveal rapid revenue growth and large computing commitments.
The releases pair lower base pricing with a faster, higher-cost mode, as nine-month data show sharp revenue growth alongside losses and large spending commitments.