Anthropic targets up to $64.4B in initial public offering

Artificial intelligence company Anthropic and its existing shareholders plan to raise up to $64.4 billion through an initial public offering, according to an updated US regulatory filing on Tuesday.

The developer of Claude AI models plans to offer 825 million shares at between $70 and $78 each, comprising approximately 801.35 million shares sold by the company and 23.65 million by existing shareholders.

The company is seeking a fully diluted valuation of about $1.4 trillion as it aims to become the first frontier AI lab to go public. The valuation measure accounts for potential shares from instruments such as stock options and restricted stock awards.

At the upper end of the range, the offering would generate $64.35 billion before fees and expenses, with approximately $62.5 billion attributable to Anthropic’s share sale.

The company has also secured agreements for a separate $26 billion private placement involving Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC Partners.

Anthropic intends to list on the Nasdaq Global Select Market under the ticker symbol ANT.

The planned listing comes as the company expands its AI business while committing substantial resources to computing infrastructure.

Anthropic’s founders will retain significant voting control after the offering through a Class F share structure that carries 50.1% of voting power on matters submitted to shareholders generally.