Anthropic targets $1.4 trillion valuation in upcoming IPO
The AI developer has set a price band of $70 to $78 per share for its Nasdaq debut.
Artificial intelligence company Anthropic has established a price range of $70 to $78 per share for its initial public offering (IPO), according to a filing with the US Securities and Exchange Commission (SEC) on Tuesday. The company aims for a fully diluted valuation of approximately $1.405 trillion, according to Mint.
The offering includes 825 million shares, which could raise about $64.35 billion at the top of the price range. A private placement is also expected to raise $26 billion from backers including Microsoft Corp., Alphabet Inc.’s Google, Nvidia Corp., and Taiwan Semiconductor Manufacturing Co.
The company, founded in 2021 by chief executive Dario Amodei, is known for its Claude AI models. Anthropic reported revenue of $33.24 billion for the nine months ended September 30, a roughly 1,200 per cent increase from the previous year. However, it disclosed a net loss of $104 billion during that same period.
The Nasdaq listing, under the ticker symbol 'ANT', is expected to occur later this month. Moneycontrol reported that the IPO is set to price on Wednesday, Nov. 18.
Investors are monitoring the debut amid market uncertainty regarding AI infrastructure costs and interest rates. The company also recently unveiled two new models, Claude Fable 5.2 and Claude Mythos 5.2, which underwent safety and alignment testing.