Anthropic IPO could value company at up to $1.4 trillion
The Claude maker plans to sell 825 million shares, and each of its seven co-founders would take in about $250 million at the midpoint of the price range.
Anthropic plans to offer 825 million Class A shares at $70 to $78 each, which could raise $57.75 billion to $64.35 billion before fees.
At the top of the range the implied valuation is $1.404 trillion, below the $2 trillion the company was reportedly targeting a couple of months earlier.
Each of the seven co-founders plans to sell 3,378,378 shares, worth about $250 million at the $74 midpoint.
A separate $26 billion private sale of non-voting stock is planned for AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC.
Reports say trading on Nasdaq under the ticker ANT could begin on 19 November, but this date is a reported target.