Anthropic Sets $70-$78 IPO Range, Targets $1.02T Valuation in Record $90B Raise
Summary
Anthropic launched its IPO roadshow with an indicative range of $70 to $78 a share, targeting a valuation of up to $1.3 trillion and raising as much as $64.4 billion on its own. Add a $26 billion private placement with cornerstone investors — Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC — and the total haul reaches up to $90.4 billion, which would be the largest listing on record. The numbers moved from what was circulating earlier in the week: the raise is now $64.4 billion versus $69.3 billion reported, and the top of the price band slipped to $78 from $80. The filing also put hard numbers on the business: Q3 revenue jumped 47% quarter over quarter to $16.96 billion, a sharp slowdown from the prior quarter's 144% growth, while the net loss narrowed. The risk side is heavy — nearly $900 billion in computing commitments to Amazon and Google, and a prospectus that flags competitors outrunning Anthropic on model development. The deal was briefly sent to banks and retracted late Monday before this filing, so execution risk around the timetable is real. Goldman Sachs and Morgan Stanley lead the syndicate, with shares expected to trade on Nasdaq under ANT after the close.
This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: CNBC TV18.