Anthropic Launches IPO Subscription, Plans to Raise Up to Approximately US$90.4 Billion
Anthropic plans to issue 825 million shares at US$70 to US$78 per share, alongside a concurrent US$26 billion private placement, with the two combined raising up to approximately US$90.4 billion, which is expected to surpass SpaceX's planned IPO to become the largest stock offering in the world. The company is seeking a fully diluted valuation of approximately US$1.4 trillion, with Goldman Sachs and Morgan Stanley leading the underwriting, joined by 20 other banks, and plans to list on the Nasdaq Global Select Market under the ticker ANT. Some existing investors are reselling their IPO subscription allocations or selling indirect interests through SPVs, raising market concerns about selling pressure in the early days of trading.
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The original text provides the price range, fundraising size, and valuation of Anthropic's IPO, allowing readers to gauge the scale and market heat of this listing.
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According to documents previously filed by Anthropic, the company plans to issue 825 million shares at a price of $70 to $78 per share, alongside a concurrent $26 billion private placement. Combined, the two transactions could raise up to approximately $90.4 billion, potentially surpassing SpaceX's planned IPO to become the largest stock offering in the world. Anthropic is currently seeking a fully diluted valuation of approximately $1.4 trillion. If subscription demand remains strong, the company may still raise its pricing during the offering process.
Anthropic is also stepping up its outreach to institutional investors, with a livestreamed event planned for this Friday featuring CEO Dario Amodei and JPMorgan CEO Jamie Dimon.
However, some existing investors are reportedly reselling their IPO subscription allocations to other potential buyers, while other pre-IPO shareholders are selling indirect investment interests through special purpose vehicles (SPVs). These arrangements allow early investors to reduce their position risk and collect additional fees, but they have also raised market concerns about potential selling pressure in the early stages of trading.
The IPO is led by Goldman Sachs and Morgan Stanley as underwriters, with 20 other banks participating. Anthropic plans to list on the Nasdaq Global Select Market under the ticker symbol "ANT".