Anthropic's Amended IPO Filing Lists a $70-$78 Price Range

An Anthropic representative told banks Monday, Nov. 9, that an earlier draft's pricing was inaccurate; the amended IPO filing lists an estimated $70-to-$78 price range and 825 million Class A shares.

The earlier draft pricing figures showed about 866.7 million shares at $70 to $80 apiece. At the draft's upper end, the offering would have implied up to $69.3 billion in gross proceeds, including stockholder sales. The amended filing does not explain the difference.

The filing lists Anthropic as selling 801,351,354 shares and existing stockholders as selling 23,648,646. Anthropic will receive no proceeds from the stockholders' sales.

The filing also describes a $26 billion private placement of Class N shares at a per-share price equal to the IPO price, immediately after the offering. Google, NVIDIA, Advanced Micro Devices, Broadcom, Micron Technology, Microsoft and TSMC Partners, Ltd. have agreed to buy shares, subject to completion of the offering and other conditions.

Anthropic has applied to list its Class A shares on the Nasdaq Global Select Market under the proposed symbol ANT.