Anthropic prepares record IPO on Nasdaq at valuation of about $1.4 trillion

In depth

Anthropic sent bankers a price range of $70 to $80 per share, and afterward withdrew it within hours. The draft prospectus states that the company plans to sell about 825 million shares and raise about $64.4 billion in the public offering.

Alongside the IPO, the company plans to raise $26 billion in a private placement with the participation of Google, Nvidia and AMD. The total raise is expected to reach $90.4 billion, and pricing will take place on Wednesday, November 18, with trading on Nasdaq beginning the following day.

The company's revenue reached $33 billion over nine months, but the loss in the first half reached about $81 billion. The company's CEO, Dario Amodei, said it is hard to know how much to invest in the AI race.