Key facts
- Anthropic is selling about 801.4 million new shares at $70 to $78 each in the offering.
- Existing shareholders are selling another 23.6 million shares, with Anthropic not retaining those proceeds.
- Google, Nvidia, Microsoft, AMD, Broadcom, Micron Technology and TSMC Partners signed up to buy $26 billion of nonvoting Class N shares.
- Goldman Sachs and Morgan Stanley are leading the IPO, with the price and first trading date still to be determined.
- Anthropic reported revenue of $33.2 billion for the nine-month period, up from about $2.5 billion a year earlier.
Anthropic is preparing an initial public offering and a corresponding private placement of up to $90.4 billion, according to an amended registration statement the SEC said was filed on Tuesday. The company is seeking to sell about 801.4 million newly issued shares at between $70 and $78 apiece, while existing shareholders will sell another 23.6 million shares. Anthropic will not retain proceeds from those shareholder sales.
The combined public offering totals around 825 million shares, the SEC filing said. At the lower end of the proposed range, Anthropic would be valued at more than $1 trillion, and at about $1.4 trillion when fully diluted, including shares due to options and other securities.
Seven tech firms have signed up to purchase $26 billion of nonvoting shares, known as Class N: Google, Nvidia, Microsoft, AMD, Broadcom, Micron Technology and TSMC Partners. Goldman Sachs and Morgan Stanley are leading the IPO. Anthropic has started its roadshow and intends to go public on the Nasdaq Global Select Market with ASINTC as its ticker symbol. The initial IPO price and first trading date are still to be determined.
For the nine-month period, the company generated revenue of $33.2 billion, exceeding the approximately $2.5 billion in the corresponding time frame last year.
Anthropic's partner SpaceX ended Wednesday at $139.75, a decline of $3.34, or 2.33%, on the day. The stock opened at $143.38 and traded between $138.62 and $145.16. It fell another $2.21, or 1.58%, to $137.54 in after-hours trading, ahead of the company's next Starship test flight.