The planned IPO could put up to $64.4 billion in shares on the market, with about $62.5 billion coming from shares sold by Anthropic, as investors assess demand for AI businesses, Al Jazeera reported Tuesday.
Al Jazeera said the filing submitted Tuesday to the U.S. Securities and Exchange Commission (SEC) set a price range of $70 to $78 for 825 million shares. It described the $1.4 trillion figure as an implication of the terms when potential shares are included.
A separate $26 billion private placement is backed by Google, Nvidia, Microsoft and AMD, Al Jazeera reported. The deal comes as investors weigh whether AI companies can build revenue to match their valuation expectations, the outlet said.
Al Jazeera said the implied figure is below earlier estimates of $1.5 trillion to $2 trillion. Separately, EconoTimes previously covered Bloomberg-reported investor discussions at $1.2 trillion to $1.3 trillion. Those discussions were reported estimates, not a final IPO valuation.
Anthropic reported third-quarter revenue of $17 billion, compared with $1.4 billion in the year-earlier period, Al Jazeera said. The company’s Tuesday update put its annual revenue pace at about $81 billion, $10 billion above its estimate from a month earlier, according to the report.
Anthropic attributed its growth to demand for Claude in sectors such as health care, financial services and legal services, Al Jazeera reported. To meet that demand, the company had committed almost $900 billion to computing costs, with Amazon and Google among its partners, the outlet said.
Investors are questioning whether AI companies can earn enough to justify their valuations and sustain the boom, according to Al Jazeera. The outlet also cited volatility in AI stocks and the prospect of more regulation and limits on data-center construction after the U.S. midterm elections as sources of uncertainty for the sector.
Prospective investors began hearing Anthropic’s pitch Tuesday, and a public debut was targeted for the following week, Al Jazeera reported.