Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
Anthropic has set an IPO price range of $70 to $78 per share for 825 million Class A shares, which could raise $57.75 billion to $64.35 billion. At the top of the range, the company would be valued at $1.404 trillion on a fully diluted basis, up from $965 billion in a May fundraise. Separately, $26 billion of non-voting Class N stock is being sold privately at the IPO price to AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC, with the stock slated to trade on Nasdaq as "ANT" around November 19.
