Anthropic Registers up to 948.75 million IPO shares
The AI firm filed to list up to 948.75 million shares on a U.S. exchange, while its prospectus shows 825 million shares slated for sale at $70‑$78 each, targeting a $1.4 trillion valuation.
Key takeaways
- 1Up to 948.75 million shares registered for IPO
- 2825 million shares to be sold at $70‑$78 each
- 3Potential proceeds of $64.4 billion from public offering
- 4Separate $26 billion private placement with Alphabet, Nvidia, AMD
- 5Valuation target up to $1.4 trillion
Anthropic registered up to 948.75 million shares for its planned U.S. initial public offering on Thursday, the filing shows. The registration follows a prospectus that outlines a public offering of 825 million shares.
The company plans to price the shares between $70 and $78, which could raise about $64.4 billion and value Anthropic at up to $1.4 trillion on a fully diluted basis. Excluding options and restricted shares, the market value would sit near $1 trillion.
Anthropic also intends a separate private placement of roughly $26 billion involving Alphabet, Nvidia and Advanced Micro Devices, bringing total potential proceeds to about $90.4 billion.
Swissquote Bank analyst Ipek Ozkardeskaya said investors are scrutinising the high cost of scaling AI infrastructure, noting the valuation is lower than earlier $2 trillion expectations. The filing lists computing commitments of almost $900 billion with Amazon and Google as partners.
The announcement comes as AI‑related stocks have felt pressure, with the Nasdaq posting its steepest daily drop in 19 months. Competitors such as OpenAI and Meta are also rolling out new models, adding to market uncertainty.
The SEC will review the registration before the company can list, with a target pricing date expected later this month. Traders will watch the share price range and the private‑placement terms for clues on the final valuation.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.