Anthropic sent, then pulled, IPO details pointing to an offering of up to $69.3 billion, Reuters reports
The document pointed to the sale of about 867 million shares at up to $80 each; the company then said the pricing was incorrect, according to emails seen by Reuters.
Translated from the Portuguese original by the Panorama newsroom. Read in Portuguese
Summary written by the Panorama newsroom from the sources listed below. Facts are attributed to the original publications.
Anthropic, the developer of the Claude artificial intelligence models, sent banks details of its initial public offering (IPO) late on Monday (9) pointing to an offering of nearly $70 billion, but withdrew the information shortly afterward, g1 reported, citing emails seen by Reuters.
According to the report, a company representative shared a regulatory filing that called for the sale of about 867 million shares at prices between $70 and $80. Of that total, about 843.3 million would be sold by the company itself and 23.3 million by existing shareholders. At the top of the range, the offering would reach $69.3 billion. A second email said the pricing data were incorrect and that the document would be updated, without saying what the error was, and Reuters could not determine what was incorrect. Anthropic declined to comment.
The original document also indicated that Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC had agreed to invest $26 billion in a parallel private placement, buying non-voting shares at the same price as the IPO, in a deal to be completed right after the public offering.
According to g1, the company is expected to officially launch its roadshow on Tuesday (10), the phase in which it presents the offering to potential investors, with pricing expected the following week.
The deal comes at a time when other AI infrastructure and data center companies have postponed or abandoned plans to go public, amid higher interest rates and doubts about the sustainability of investment in the sector. Investors had discussed a valuation of up to $2 trillion for Anthropic, but $1.5 trillion is now seen as the top of the range, according to Reuters. The company has $895.4 billion in future commitments, mainly for computing capacity, and its growth slowed significantly in the third quarter, although revenue rose 47% from the previous quarter, to $17 billion.