Anthropic Launches IPO Roadshow, Targets $70–$78 a Share
The offering will comprise 825 million shares, with a proposed Nasdaq listing under the ticker symbol “ANT.” A registration statement has been filed but has not yet become effective.
Anthropic said on November 10 (local time) that it had launched the roadshow for its initial public offering (IPO). The offering consists of Class A common stock, with an expected price of $70–$78 per share. Anthropic has applied to list on the Nasdaq Global Select Market under the ticker symbol “ANT.”
Who Is Selling, and How Many Shares?
Anthropic and some existing shareholders plan to offer a total of 825 million shares. Anthropic is offering 801,351,354 shares, while existing shareholders are selling 23,648,646 shares.
Anthropic will not receive any proceeds from the shares sold by existing shareholders, the company said.
The underwriters, the financial firms handling the offering, will be granted an option to purchase up to an additional 123.75 million shares of Class A common stock. These shares are separate from the planned offering of 825 million shares. The option can be exercised within 30 days.
Can Investors Buy the Shares Yet?
According to Anthropic, the shares in this offering cannot yet be sold, nor can offers to buy them be accepted, because the registration statement filed with the U.S. Securities and Exchange Commission has not yet become effective.
The offering will be made only by means of a prospectus. Anthropic directed investors to Goldman Sachs and Morgan Stanley to obtain a preliminary prospectus.
Anthropic said the announcement does not constitute an offer to sell shares or a solicitation of an offer to buy them. It also said shares may be sold only after the registration or qualification requirements of the applicable jurisdiction’s securities laws have been met.