Anthropic kicks off IPO plans, could raise up to $90.4 billion

According to the latest prospectus draft, US AI company Anthropic plans to raise up to $64.4 billion through an initial public offering (IPO) and is preparing to kick off its roadshow. This would make it one of the most watched tech stock offerings in recent years.

The draft shows Anthropic also plans to raise $26 billion through a private placement from cornerstone investors including Google, NVIDIA and AMD. With contributions from other investors like Broadcom, Micron, Microsoft and TSMC, the total fundraising could reach up to $90.4 billion. Anthropic and some existing investors plan to sell shares at an initial price range of $70 to $78 per share.

An earlier filing about raising $69.3 billion was withdrawn because the pricing details were not accurate. Anthropic said it will update the filing, and details of the offering are expected soon.