San Francisco-based Anthropic launched the roadshow for its planned IPO on Tuesday, Nov. 10, and set a price range of $70 to $78 a share for 825 million Class A shares.
Of those shares, 801,351,354 are being offered by Anthropic and 23,648,646 by existing stockholders, the company said. It also expects to grant underwriters a 30-day option to buy up to 123.75 million more shares. Anthropic has applied to list on the Nasdaq Global Select Market under the symbol ANT. A registration statement has been filed with the SEC but has not yet become effective.
At the high end of the range, the company would raise up to $64.35 billion in the IPO and could be worth about $1.4 trillion on a fully diluted basis, CNBC reported. People familiar with the plans told CNBC the company is planning to price on Nov. 18 and trade on Nov. 19. Anthropic also said it has agreed to sell $26 billion of non-voting Class N stock in a private placement at the IPO price to AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC. Related: Anthropic’s amended S-1 and the $3.4 billion generator deal.