Anthropic Launches IPO Roadshow With Up to $64.35 Billion Raise
Anthropic has formally kicked off its IPO roadshow, offering 825 million Class A shares at $70 to $78 apiece for a base raise of up to $64.35 billion, with a Nasdaq listing under the ticker ANT. Combined with a separate $26 billion Class N private placement to investors including Google, Nvidia, Microsoft and TSMC, total proceeds could reach $90.4 billion at a fully diluted valuation of roughly $1.4 trillion.
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IT之家 November 11 news: On November 10 local time, Anthropic officially announced the launch of the roadshow for its initial public offering (IPO) and published its stock issuance plan.
According to the announcement, Anthropic plans to issue 825 million Class A ordinary shares, with an offering price range of $70 to $78 per share. Calculated at the upper limit of the offering price, the base offering size is expected to be up to approximately $64.35 billion (IT之家 note: approximately RMB 430.282 billion at the current exchange rate).
According to the issuance arrangements disclosed by Anthropic, of the 825 million shares being offered, 801,351,354 shares will be issued by Anthropic itself, and another 23,648,646 shares will be sold by certain existing shareholders. Anthropic will not receive any proceeds from the sale of shares by existing shareholders.
In addition, Anthropic expects to grant the underwriters a 30-day option to purchase up to an additional 123.75 million Class A ordinary shares. If this option is exercised in full, the actual number of shares issued and the size of the fundraising will increase further.
Anthropic has applied to list its Class A ordinary shares on the Nasdaq Global Select Market under the ticker symbol "ANT." The company stated that the registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold before the registration statement becomes effective.
Reuters further reported that Anthropic's IPO will also be accompanied by a separate private placement transaction, under which it plans to issue $26 billion (approximately RMB 173.851 billion at the current exchange rate) of Class N ordinary shares to investors including Google, Nvidia, AMD, Broadcom, Micron, Microsoft, and TSMC. If the IPO and this private placement are combined, the total fundraising size could reach up to $90.4 billion (approximately RMB 604.467 billion at the current exchange rate).
Regarding valuation, Reuters reported that, calculated at the upper limit of the offering price range, Anthropic's fully diluted valuation is approximately $1.4 trillion (approximately RMB 9.36 trillion at the current exchange rate); excluding potential shares such as stock options and restricted stock, the valuation is approximately $1 trillion (approximately RMB 6.69 trillion at the current exchange rate). Goldman Sachs and Morgan Stanley are serving as the lead underwriters for this IPO.