Anthropic targets up to $90.4 billion raise in $1.4 trillion IPO
What's next: The Claude maker is set to price Nov. 18 and trade the next day, with a $26 billion private placement alongside the listing.
Anthropic is aiming for a fully diluted valuation of about $1.4 trillion in an initial public offering that could raise as much as $90.4 billion, according to a filing with the US Securities and Exchange Commission. The Claude chatbot maker plans to sell 801.4 million shares at $70 to $78 each, while existing backers sell 23.6 million shares. The deal also includes a $26 billion private placement to Advanced Micro Devices, Broadcom, Google, Micron Technology, Microsoft, Nvidia and Taiwan Semiconductor Manufacturing Co. At the top of the range, Anthropic's market value would be about $1 trillion before including options and other stock awards. The IPO is scheduled to price on Nov. 18 and begin trading a day later.