Anthropic plans to raise up to $69.3 billion in its initial public offering, according to a copy of a document Reuters saw on Nov 9. At that size, the AI company's listing would be one of the largest ever by an AI firm and the second-biggest IPO on record after SpaceX.
Separately, The Information reported on Nov 10 that Anthropic sent banks an updated prospectus late Monday and then retracted it, saying some details were incorrect. The Claude maker's first filing showed it aimed to raise up to $70 billion, people familiar with the matter said.
The numbers: deal size and listing plan
The document Reuters saw put the IPO's fundraising ceiling at $69.3 billion. That is only slightly below SpaceX, which is targeting $75 billion and $85.7 billion if the overallotment is exercised, and far above Saudi Aramco, Alibaba and SoftBank, IT之家 reported.
The Wall Street Journal reported that Anthropic's shares are expected to start trading on Nov 19 or 20 on Nasdaq under the ticker "ANT."
| Item | Figure | Basis/source |
|---|---|---|
| IPO fundraising ceiling | $69.3 billion | Document seen by Reuters on Nov 9 |
| Ceiling in initial filing | $70 billion | The Information, citing people familiar with the matter |
| Ticker | ANT | The Wall Street Journal |
| Expected trading date | Nov 19 or 20 | The Wall Street Journal |
| Exchange | Nasdaq | The Wall Street Journal |
Analysis: the retracted prospectus
Anthropic sent the updated prospectus to banks late Monday and retracted it immediately, saying some details were incorrect, The Information reported. The initial version showed the company aimed to raise up to $70 billion, differing from the $69.3 billion ceiling Reuters saw, the report said, citing people familiar with the matter.
It is not yet clear whether the retraction will affect the planned listing timetable. Anthropic had not publicly commented on the matter as of publication.
Analysis: valuation shift and market focus
Recent market moves have pushed Anthropic's valuation down considerably from its peak, IT之家 reported. The final pricing and valuation of the IPO will be a focus for the market.
As the developer of the Claude family of models, Anthropic is drawing close attention to its listing. If it debuts on Nov 19-20 as planned, it would be one of Nasdaq's largest tech IPOs in recent years and a key reference for how other AI companies raise capital.
The document seen by Reuters put Anthropic's IPO fundraising ceiling at $69.3 billion; IT之家 reported that the size is only slightly below SpaceX and far above Saudi Aramco, Alibaba and SoftBank.
What to watch
- Whether the prospectus is refiled after the retraction, and whether the revised fundraising size remains $69.3 billion
- Final issue pricing and valuation, and how far the valuation has fallen from its peak
- Whether trading can begin on Nov 19-20 as scheduled
- Investor demand for the IPO of a large AI company