Anthropic targets $1.4 trillion valuation in initial public offering
The Claude chatbot maker seeks to raise $90.4 billion through an IPO and private placement, according to US Securities and Exchange Commission filings.
Anthropic PBC is seeking a fully diluted valuation of approximately $1.4 trillion in its initial public offering (IPO), according to filings with the US Securities and Exchange Commission (SEC) on Tuesday. The company, which develops the Claude chatbot, and its co-founders aim to raise as much as $90.4 billion through the IPO and a private placement, as reported by The Economic Times, Mint and Business Standard.
The base offering would raise up to $64.4 billion, with shares marketed in a price range of $70 to $78 each. Anthropic is offering 801.4 million shares, while backers are selling 23.6 million shares. The total fundraise includes a $26 billion private placement involving companies including Microsoft Corp., Alphabet Inc.'s Google, Nvidia Corp., Advanced Micro Devices Inc., Broadcom Inc., Micron Technology Inc. and Taiwan Semiconductor Manufacturing Co.
The company reported a revenue run rate of $81 billion as of October 31, an increase of $10 billion from the end of September. For the nine months ended September 30, Anthropic reported revenue of $33.24 billion, which is an increase of approximately 1,200 per cent from the same period last year.
Anthropic, founded in 2021 by Chief Executive Officer Dario Amodei and other researchers, recently unveiled two new AI models, Claude Fable 5.2 and Claude Mythos 5.2. The IPO is scheduled to price on Wednesday, Nov. 18, and is expected to trade on the Nasdaq under the ticker symbol 'ANT' the following day.