Anthropic files paperwork for potential $70 billion IPO
Anthropic submitted a draft securities filing indicating a plan to sell up to 867 million shares at $70-$80 each, targeting roughly $70 billion in proceeds, though the company later said the pricing details were inaccurate.
Anthropic has circulated a draft securities filing that outlines a proposal to sell 867 million shares in an initial public offering priced between $70 and $80 per share, which could generate up to $70 billion in gross proceeds. The filing, sent to bankers, listed 843.3 million shares to be offered by the company and an additional 23.3 million shares from existing investors. The draft also indicated that the firm has secured $26 billion of separate investment commitments from investors including Alphabet, Microsoft and Nvidia.
The company later emailed the bankers to state that the pricing information in the filing was "inaccurate" and that an updated filing would be provided. Reuters reported that the revised prospectus is expected to be filed this week despite heightened market volatility following recent U.S. midterm elections and unrelated corporate news.
If completed, the offering would rank among the largest U.S. IPOs ever, comparable to SpaceX's $75 billion float earlier this year. Analysts have previously floated valuations for Anthropic as high as $2 trillion, though recent estimates place the upper end of the range near $1.5 trillion. The company, founded in 2021 by former OpenAI employees including Dario Amodei and his sister Daniela Amodei, has become a prominent developer of generative AI models under the Claude brand.