Anthropic Withdraws IPO Draft With Potential $69.3 Billion Offering

Anthropic withdrew a draft IPO plan that contemplated up to $69.3 billion in gross proceeds, saying the pricing information was inaccurate and that it would update the document.

The version circulated to banks proposed selling about 866.7 million Class A shares at $70 to $80 each. About 23.3 million shares held by existing shareholders were included in the total. At the top of the proposed range, the share sale would have generated roughly $69.3 billion.

The draft also outlined a separate $26 billion private placement of N-class common shares at the IPO price. Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC were listed as participants. The placement was planned to close immediately after the IPO.

The draft described two linked but distinct transactions: a public share sale with a proposed price range and a private placement tied to the IPO price. The placement depended on the IPO’s completion. Anthropic said it would update the withdrawn document.