Anthropic IPO targets up to $64.4 billion in share sale

Anthropic IPO targets up to $64.4 billion in share sale
Anthropic eyes $64B IPO

Anthropic is preparing to launch marketing for its initial public offering as investor demand for AI listings remains in focus. The latest draft prospectus indicates the U.S. company and some existing shareholders aim to raise as much as $64.4 billion through the deal.

Highlights

  • Anthropic and investors plan to sell shares at $70 to $78 each, targeting a valuation up to $64.4 billion in the IPO.
  • The offering is expected to be a major test for U.S. equity market demand for AI companies and high-growth technology IPOs.
  • Existing investors will have the opportunity to sell shares alongside new capital raising, enhancing liquidity in the proposed listing.

Draft prospectus outlines pricing plan

As first reported by Reuters, the latest draft prospectus shows Anthropic and some of its investors plan to sell shares in an indicative price range of $70 to $78 each, with deal details expected to be announced soon.

The proposed valuation underscores the scale of investor appetite surrounding artificial intelligence companies as Anthropic moves closer to formally marketing the offering. The company does not immediately respond to a request for comment.

AI listing set to test market demand

The planned offering is poised to become a major test of equity market demand for high-growth AI businesses in the U.S. A fundraising total of up to $64.4 billion would place Anthropic's IPO among the most closely watched market deals in the sector.

The transaction also gives existing investors a route to sell stock alongside the company, indicating the listing is designed to combine new capital raising with shareholder liquidity. Further terms are expected once the company launches the next stage of the offering process.

Earlier, we reported on the AI stock sell-off as oil hit $110 a barrel, stoking inflation and valuation fears.

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