Anthropic is seeking a valuation of up to $1.02 trillion in its landmark U.S. IPO, according to its SEC filing on Tuesday, significantly below the amount previously discussed by the Californian tech giant.
The AI lab and some of its investors aim to raise up to $64.4 billion by selling 825 million shares in the IPO at an indicative price range of $70 to $78 per share.
The company reportedly plans to price its IPO on Nov. 18 and begin trading on Nov. 19, targeting a retail allocation of about 20%, above the typical 5% to 10% allocation for retail investors.
Anthropic’s co-founders wrote in the prospectus: “Our aim is to help humankind chart a safe course through this technological evolution, open new frontiers of discovery, and bring forth an age of miracles. Everyone who owns our stock, whether an institution or an individual, becomes part of that effort. We hope you will share our ambition to see it through.”
At the top of the range, Anthropic would raise up to $64.35 billion in IPO proceeds. On a fully diluted basis, the company could be valued at as much as $1.405 trillion, up from the $965 billion valuation it announced in a funding round in May.
Anthropic said in an amended filing on Tuesday that its run-rate revenue reached roughly $81 billion as of the end of October, up $10 billion from the previous month.
Anthropic announced that it has entered into an agreement with Advanced Micro Devices, Broadcom, Google, Micron, Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing Company to purchase $26 billion worth of the company’s Class N common stock through a private placement, at a per-share price equal to the IPO price.
The latest IPO valuation follows Anthropic’s Monday announcement of two new AI models, Claude Fable 5.2 and Claude Mythos 5.2, the first new developments since the company’s CEO, Amodei, called for a slowdown in the pace of AI development.
At one point this year, Anthropic reportedly sought a valuation of up to $2 trillion.
By CEO NA Editorial Staff
