Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
The company could end up being worth a hefty $1.404 trillion if its shares list at the top of the price range, on a fully diluted basis.
TL;DR
- Anthropic has set an IPO price range of $70-$78 per share, targeting a valuation of up to $1.404 trillion.
- A private sale of $26 billion in non-voting stock will be made to AMD, Broadcom, Google, Micron, Microsoft, Nvidia, and TSMC.
- Google and Nvidia are investing $10 billion each in the private sale.
- The company expects net proceeds between $84.6 billion and $93.7 billion.
- Anthropic intends to trade on the Nasdaq under the ticker symbol "ANT" around November 19th.
- Run-rate revenue reached $81 billion by the end of October, an increase of $10 billion from September.
- Co-founders plan to sell approximately 3.4 million shares each.
- The company's third-quarter revenue was $17 billion, with nine-month revenue at $33.2 billion.
- A nine-month net loss of $104 billion was reported, with compute and infrastructure commitments at $900.9 billion.
- The company holds nearly $132 billion in cash and short-term investments.