Anthropic Opens IPO Roadshow With Valuation Target of Up to $64.4 Billion

Anthropic has opened the roadshow for a proposed Nasdaq IPO that would offer 825 million Class A shares at $70 to $78 each, valuing the AI company at up to $64.4 billion.

Anthropic is selling 801,351,354 shares, with existing stockholders offering another 23,648,646. The company has applied to list its Class A stock on the Nasdaq Global Select Market under the symbol ANT. Underwriters also have a 30-day option to buy up to 123,750,000 additional shares.

An amended registration statement filed Nov. 10 disclosed that seven strategic partners — AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC — have agreed to buy $26 billion of Class N common stock in a private placement.

The registration statement has not taken effect, and the shares cannot be sold until it does. Proceeds from shares sold by Anthropic are expected to support its operations and growth plans; the company will not receive proceeds from shares sold by existing stockholders.