Anthropic’s planned initial public offering (IPO) could raise up to $64.4 billion, according to the latest draft prospectus reviewed by Reuters on Tuesday, as the artificial intelligence company prepares to begin marketing its highly anticipated share sale.
In a separate private placement, the company is expected to secure another $26 billion from major cornerstone investors, including Google parent Alphabet, Nvidia and Advanced Micro Devices (AMD). The prospectus also identified Broadcom, Micron Technology, Microsoft and Taiwan Semiconductor Manufacturing Company (TSMC) among the participating investors. Combined with the private investments, the overall fundraising could reach $90.4 billion.
Anthropic and some of its existing investors are planning to offer shares at an indicative price range of $70 to $78 each, according to the draft filing. Further details of the transaction are expected to be announced shortly.
Anthropic and the participating cornerstone investors did not immediately respond to requests for comment. Details of the major offering were briefly shared with investment banks before being withdrawn late Monday, according to emails reviewed by Reuters.
AI SECTOR FACES RISING INTEREST RATE PRESSURES
The proposed IPO comes amid mounting challenges for companies operating in the AI infrastructure and data centre industries. Several businesses in these sectors have postponed or abandoned their planned stock market listings as interest rates rise. The uncertainty has also contributed to significant declines in the shares and bonds of AI infrastructure providers such as CoreWeave, while raising concerns about the long-term sustainability of massive investments in artificial intelligence.
Earlier discussions among investors placed Anthropic’s potential valuation as high as $2 trillion. However, expectations have since moderated, with a valuation of $1.5 trillion now considered the upper end of the anticipated range, Reuters previously reported.
Established in 2021 by former OpenAI executives, including chief executive Dario Amodei and his sister Daniela Amodei, who serves as the company’s president, Anthropic has grown into one of the leading developers of generative AI technology through its Claude family of models.
The company’s expansion has been supported by major technology players Google and Amazon. Both companies serve multiple roles as Anthropic investors, providers of computing infrastructure and key distribution partners, while also competing in the increasingly competitive artificial intelligence market.
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