BusinessClaude

Anthropic targets $1.4T valuation in IPO

Original title: Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion

Plain language

What it is: Anthropic has updated its IPO filing, setting a share price range of $70 to $78. This could value the company at up to $1.404 trillion and raise up to $64.35 billion.
How it works: The company is offering 825 million Class A shares to the public. It also agreed to sell $26 billion of non-voting Class N shares privately to major tech companies like Google and Nvidia.
Where it is available: The shares are expected to trade on the Nasdaq under the ticker symbol ANT.
Example: Not stated in the source

What it is: Anthropic announced an updated IPO filing with a price range of $70 to $78 per share for 825 million Class A shares, aiming for a valuation of up to $1.404 trillion. The company also secured a $26 billion private sale of Class N non-voting stock to partners including Nvidia, Google, and AMD.
How it works: The governance structure limits Class A public shareholders, as founders hold Class F shares with 50.1% voting power and a Long-Term Benefit Trust elects the board majority. Financially, the company reported a nine-month net loss of $104 billion with $900.9 billion in compute and infrastructure commitments.
Where it is available: The listing is planned for the Nasdaq under the ticker symbol ANT, with trading expected to start close to November 19.
Example: Not stated in the source

The headline and explanation on this page are based on TechCrunch's post. The full details are in the original.

Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion