Nvidia and Alphabet Commit $10 Billion Each to Anthropic IPO

Nvidia and Alphabet each committed $10 billion to Anthropic’s private placement tied to its planned IPO, bringing commitments from the two companies to $20 billion as the AI firm prepares a major public offering.

Anthropic plans to offer 825 million Class A shares at $70 to $78 per share. A separate private placement is structured to raise $26 billion from seven anchor investors. Nvidia and Alphabet account for $20 billion, while five other investors divide the remaining $6 billion. The investors will buy at the final IPO price.

Anthropic will issue 801.35 million of the offered shares, with the balance coming from existing holders. At the top of the proposed price range, the company’s fully diluted valuation would be about $1.404 trillion.

The investment commitments come as Anthropic has signed more than $900 billion in computing and infrastructure commitments for the next decade, largely with the same suppliers backing the placement. IPO pricing is expected Nov. 18, followed by a planned Nasdaq debut Nov. 19 under the ticker ANT.