Add as a preferred source on GoogleAnthropic Says Draft IPO Pricing Was Inaccurate After $69.3 Billion Figure
The draft listed 867 million shares at $70 to $80 each. Anthropic told underwriting banks it would send revised pricing details.
Anthropic told underwriting banks that preliminary IPO pricing in a draft offering document was inaccurate, after the figures implied the artificial intelligence company could raise as much as $69.3 billion.
The draft listed about 867 million shares at $70 to $80 apiece, suggesting proceeds of roughly $60.7 billion to $69.3 billion. Anthropic said it would provide the banks with an updated version, so those figures are not final offering terms.
The company’s roadshow was expected to begin as early as Tuesday, Nov. 10, with IPO pricing targeted before Thanksgiving on Nov. 26. Anthropic plans a livestream at noon ET Friday, Nov. 13, featuring CEO Dario Amodei and JPMorgan CEO Jamie Dimon.
JPMorgan is one of 22 banks working on the IPO and is handling U.S. retail sales and allocation. Anthropic is considering reserving 15% to 20% of the shares for individual investors. The company plans to list on Nasdaq under the ticker ANT. The draft’s top-end figure would fall below the $86.2 billion IPO record set by SpaceX this year, which Anthropic had hoped to surpass.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.