Anthropic Seeks Up to $3.5 Billion From Japanese Investors

Anthropic is seeking up to $3.5 billion from Japanese investors through a planned share sale tied to its IPO, adding Japan to financing for a potential $64.4 billion stock offering.

A filing with Japan’s Ministry of Finance lists a planned sale of 38.5 million to 50 million shares at a reference price range of $70 to $78 each. Anthropic said earlier this month that its fundraising target could reach $3.5 billion. The filing presents ranges for both the share volume and reference price.

The share count disclosed in a Tuesday filing implies a valuation of about $1 trillion using outstanding shares. On a fully diluted basis, the valuation would be about $1.4 trillion.

The Japanese sale is structured as an unlisted public offering aimed at attracting households with substantial cash holdings. The broader IPO plan calls for selling shares worth as much as $64.4 billion, making the planned Japanese raise one part of a larger stock sale.