Anthropic goes public: ANT stock trading on Nasdaq is expected on November 19, target price from $70 to $78. The company is selling 801 million new shares, and another $26 billion of its shares are being bought by Nvidia, Microsoft, Google and four other technology companies. Based on the number of shares in the prospectus, the entire company at these prices is worth approximately $970 billion.
From the boulevard, Claude's economy is visible for the first time. Revenues in the third quarter totaled $17 billion compared to $1.4 billion the previous year. Cloud Enterprise users without Cloud Code spend an average of less than $75 per month, while the top 5% of those with Cloud Code spend roughly 20 times more. Among the goals for hosting computing and infrastructure: Anthropic has already committed to purchase computing worth about 900 billion dollars, and some of the capacity is now taken in expensive short-term contracts.
Buyers of shares, as a rule, will not influence the company's decisions: the majority of the board chooses an independent trust, and the founders' company will receive 50.1% of the votes. Colleagues from Taproger reviewed the prospectus in more detail on the website.