Anthropic plans to price its initial public offering next Wednesday, Nov 18, and begin trading on the Nasdaq under the ticker ANT on Thursday, Nov 19, as the Claude developer kicks off its investor roadshow. The pricing range of $70 to $78 a share values the company at $916 billion to $1.02 trillion based on the 13.1 billion shares outstanding after the offering, or up to $1.41 trillion on a fully diluted basis, up from the $965 billion valuation set in its $65 billion Series H round in May.
The base offering of 825 million Class A shares seeks to raise up to $64.35 billion, consisting of 801.35 million new shares from Anthropic and 23.65 million from existing stockholders, with underwriters led by Goldman Sachs and Morgan Stanley holding an option for another 123.75 million shares. Alongside the public offering, seven technology suppliers will buy $26 billion of nonvoting Class N stock in a concurrent private placement at the IPO price: Google and Nvidia are each committing $10 billion, AMD $2.5 billion, Broadcom, Micron and Microsoft $1 billion apiece, and TSMC $500 million.
