Anthropic IPO Range $70–$78 as Revenue Run Rate Jumps to $81B
Summary
Anthropic set the IPO at $70–$78 a share for 825 million shares, pricing November 18 with Nasdaq trading to start November 19, and orders are reportedly running six times the available stock. The bigger news is the business: annualized revenue hit $81 billion by October 31, up from $71 billion a month earlier, on $16.96 billion of third-quarter revenue and $95.6 billion of cash. Nvidia is putting about $10 billion into the company through a private placement alongside tens of billions in chip supply commitments, and Google is taking about $10 billion of Class N shares in a $26 billion placement with its stake capped at 14.99%. Bankers are now floating a valuation above the previously discussed $1.3 trillion to $1.4 trillion range, possibly $1.5 trillion or more, and index funds could add roughly $19 billion of passive demand, about 28% of the offering. Watch the November 18 pricing — the six-times oversubscription and the $81 billion run rate are what the final valuation will be judged against.
This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.