Anthropic IPO terms of $70 to $80 a share and $26 billion in backing retracted
Written by AI from investinglive.com's report. Not checked by a person.
A filing seen by Reuters described an Anthropic IPO at $70 to $80 a share, with $26 billion from tech companies. Anthropic then retracted the pricing details sent to bankers, saying the figures were inaccurate.
A filing seen by Reuters showed Anthropic planning to sell about 867 million new shares at $70 to $80 each, raising up to about $69 billion. Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC were to invest a further $26 billion through a private placement at the IPO price. Anthropic has since retracted the IPO pricing details that were sent to bankers and said the figures were inaccurate. The IPO has not been priced.
Under the retracted terms, the IPO and placement together would have raised roughly $87 billion to $95 billion. The IPO alone, even at the top of the range, would have fallen short of the roughly $75 billion record SpaceX set in June, though the combined total would have exceeded it. The implied valuation was not disclosed, because the number of shares outstanding after the offering was not reported.
Every company named sells chips, memory or cloud capacity to AI developers, so each would be both a supplier to Anthropic and a shareholder. The source says this ties the deal to the debate over how the AI build-out is financed.
The details came about a week after a sharp selloff in AI stocks, when the Nasdaq Composite lost about $2.5 trillion in value. The Wall Street Journal had reported that some major investors were pushing for a valuation below the roughly $1.5 trillion previously expected. The Journal also reported that Anthropic was aiming to list on the Nasdaq under the ticker "ANT" as soon as Thursday or Friday next week, with Goldman Sachs and Morgan Stanley advising.
