Anthropic Filing Gives Google Option to Buy Up to $10 Billion in IPO

Anthropic’s amended IPO filing gives Google an option to buy as much as $10 billion in company shares at the IPO price, describing a potential investment that is not yet a completed purchase.

The option covers Class N common stock in a private placement that would take place alongside the IPO. The filing does not say Google has exercised it.

If Google exercises the option, the amount available through a separate Google financing facility would fall by an equal amount, up to $10 billion. Under the filing’s terms, the option and the facility are linked in size.

Anthropic’s filing leaves the IPO’s share count and price range blank, so it does not disclose the per-share price or the number of shares available through the option. The company lists ANT as its proposed Nasdaq ticker.

The Nov. 2 filing also describes Anthropic’s computing setup as using Amazon’s AWS Trainium chips, Google TPUs, Nvidia GPUs and AMD GPUs. Anthropic filed for a proposed IPO on Oct. 26; at that time, the offering’s size and price range had not been set.