Anthropic has set a price range of $70-$78 per share for its much-anticipated initial public offering (IPO), targeting a fully diluted valuation of up to $1.4 trillion and a fundraising haul of as much as $64.4 billion. The Claude maker's proposed Nasdaq listing is shaping up to be one of the biggest stock market debuts in history, with major technology companies and existing investors also committing billions of dollars to the offering.
According to its latest filing, Anthropic and some of its existing investors are looking to sell 825 million shares at the indicated price range. The offering could raise up to $64.4 billion, while a separate $26 billion private placement involving strategic investors could take the total fundraising to as much as $90.4 billion.
This is a developing story.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.