Anthropic sets its IPO price at $70 to $78 a share
Anthropic and some existing holders plan to sell 825 million shares on Nasdaq under the ticker ANT. Seven tech companies, including Google and Nvidia, will buy $26 billion more in a private deal. Reports put the value at about $1.4 trillion on a fully diluted basis.
Anthropic started its IPO roadshow on November 10, the meetings where a company pitches its shares to investors. Its updated filing sets a price range of $70 to $78 per share for 825 million Class A shares. At the top of the range, the sale would bring in about $64.4 billion.