Non-voting Stock

Anthropic set an IPO price range of $70 to $78 per share for 825 million Class A shares, targeting up to $64.35 billion in proceeds and an implied fully diluted valuation of roughly $1.404 trillion. It also struck a deal to privately sell $26 billion of non-voting Class N stock at the IPO price to AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC, with Google and Nvidia investing $10 billion each, bringing estimated net proceeds to $84.6-93.7 billion.