Anthropic launches its IPO roadshow at $70 to $78 a share

Anthropic launched the roadshow for its proposed initial public offering on November 10. The company is offering 825 million shares of Class A common stock, of which 801.4 million are new shares sold by Anthropic and 23.6 million are sold by existing stockholders, at an expected price of $70 to $78 per share. At the top of that range the primary shares alone would raise about $62.5 billion, before an underwriter option to buy up to 123.75 million more shares.

Anthropic has applied to list on the Nasdaq Global Select Market under the ticker "ANT", with Goldman Sachs and Morgan Stanley handling the prospectus. The registration statement has been filed with the SEC but is not yet effective, so the shares cannot be sold until it is. Anthropic remains a Public Benefit Corporation.