Anthropic launches IPO roadshow at $70-$78 a share, aiming to raise $64.4 billion

Anthropic has started marketing its initial public offering ahead of a Nasdaq listing, setting a price range of $70 to $78 a share. At the top of the range the offering would raise about $64.35 billion.

According to the company's announcement on Nov 10, the deal covers 825 million Class A shares: 801.4 million sold by Anthropic and 23.6 million by existing stockholders. Underwriters will get a 30-day option to buy up to 123.75 million more shares. The stock will trade under the ticker "ANT," with Goldman Sachs and Morgan Stanley leading the deal. Anthropic's post on X drew about 1,400 likes within an hour.

Investors are pricing in a lower valuation. The Daily Upside reported that investors now see Anthropic worth $1.1 trillion to $1.3 trillion, down from $1.4 trillion to $1.5 trillion and as much as $2 trillion in early October. Reuters reported earlier that a nearly $70 billion IPO plan briefly circulated to banks before being retracted. The listing could come as soon as next week, before Thanksgiving, and Seeking Alpha said Anthropic is aiming to top SpaceX's record IPO from six months ago.