Anthropic is aiming for a $1.4 trillion IPO valuation.
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Anthropic and its shareholders expect to sell shares for a total of up to $90.4 billion, according to an SEC filing. They are offering shares at $70-$78 per share, and plan to set the final price on November 18. At the top end of the range, Anthropic's capitalization will be about $1 trillion. The $1.4 trillion valuation takes into account potential dilution, including employee stock options and shares reserved for the company's charity plan.
How does the accommodation work?
Issue - up to 64.4 billion dollars. Anthropic will offer investors 801.4 million new shares, and existing shareholders will sell another 23.6 million.
Private placement - another 26 billion dollars. The securities will be purchased by AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC. This is a separate transaction with large investors, which should be completed immediately after the offering.
The total amount may approach $100 billion if the IPO organizers exercise the right to sell additional shares, Bloomberg estimates. For comparison: SpaceX raised $86.2 billion in its IPO, including this option.
what else?
Yesterday, Anthropic also revealed updated AI models for Claude Fable 5.2 and Myth 5.2. According to the company, they work up to 30% faster than previous versions and cost less. Fable 5.2 is better at handling complex programming and engineering problems: In one experiment, the model assembled more than 1,000 AI agents to create an operating system, and in other tests it controlled robots. Myth 5.2 is based on the same model, but has fewer limitations for cybersecurity and biological research applications. Only organizations verified by Anthropy will have access to it.
Why is this important?