Anthropic's new IPO terms put a $1.02 trillion target on its proposed Nasdaq listing, below the $1.2 trillion-to-$1.3 trillion range Bloomberg previously reported investors had discussed.
The preliminary offer price is $70 to $78 per share, and the proposed ticker is ANT. The sale would include 825 million shares. Anthropic would sell roughly 801 million new shares, with current holders offering the balance; proceeds from shares sold by current holders would go to those sellers.
At $78 per share, a calculation before underwriting costs puts the full block of shares at about $64.35 billion, including stock sold by existing holders. The amount measures the offering's size, not the company's valuation target.
Anthropic has started its investor roadshow. The company may adjust the initial range after gauging investor interest. Anthropic's registration statement, filed with the U.S. Securities and Exchange Commission (SEC), remains ineffective.
Bloomberg previously reported that some investors had discussed a $1.2 trillion to $1.3 trillion valuation, as EconoTimes earlier reported. Those discussions were separate from the preliminary terms now outlined for the offering.
Trading is expected next week, though no specific first trading date has been announced.
