Anthropic Announces New IPO Parameters After Recalling Mistakes

The American company Anthropic, the developer of AI models Claude, announced IPO parameters on the Nasdaq exchange. As part of the IPO, it is planned to place about 825 million shares at a price of $70-78 per share. Anthropic previously filed for a listing on the NASDAQ exchange under the ticker ANT.

Anthropic will offer 801.4 million shares, and the existing shareholders plan to sell 23.6 million shares.

At the maximum price, Anthropic’s IPO could reach $64.35 billion. The total value of the company could exceed $1.4 trillion, well above the $965 billion estimate announced in a funding round in May, CNBC reported.

Earlier, the company sent to banks documents with parameters of the initial public offering of shares up to $69.3 billion, but then withdrew this information, calling the data on the share price incorrect.

According to the documents originally sent out, about 866.7 million Class A shares were expected to be sold at a price of $70-80 per share. Of these, about 843.3 million were planned to be sold by Anthropic itself, another 23.3 million were planned by existing shareholders. At the upper end of the range, the total IPO could reach $69.3 billion.

At the end of May, Anthropic’s valuation exceeded $900 billion after a new investment round, during which the company raised $65 billion from investors. This allowed it to overtake OpenAI, the developer of ChatGPT chatbot, which is estimated at $ 730 billion, and become the most expensive AI startup in the world. The round was led by Greenoaks Capital, Sequoia Capital, Altimeter Capital and Dragoneer Investment Group. The company has previously received investment from Amazon and Google.

Following the deal, the value of Anthropic rose almost 2.5 times from an estimate of $380 billion received three months earlier. It raised $30 billion in a funding round.

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