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SAN FRANCISCO – Anthropic launched the roadshow for its proposed initial public offering Tuesday, outlining an offer of 825 million Class A shares at an expected price of $70 to $78 each.
The Claude AI maker has applied to list on the Nasdaq Global Select Market under the symbol ANT, according to its announcement. The price range is a proposal, not a final price, and the company did not announce a stock-market debut date.
A roadshow is the stage when a company presents its business to potential investors before an offering. It helps investors assess the company and helps the sellers gauge demand for the shares. It does not mean the shares have already been sold.
Anthropic is offering 801,351,354 shares. Existing stockholders are offering another 23,648,646 shares, bringing the base offer to 825 million. Anthropic will not receive the money from the stockholders’ sales.
Multiplying the base share count by the proposed price range gives a gross offering size of $57.75 billion to $64.35 billion. That is arithmetic from the issuer’s terms, before fees and expenses, not the company’s net proceeds or a valuation of the whole business. It includes both the company’s shares and the selling stockholders’ shares.
Anthropic also expects to give the underwriters a 30-day option to buy up to 123,750,000 additional Class A shares. Those extra shares are not included in the base-offer calculation.
A registration statement has been filed with the Securities and Exchange Commission but has not become effective. The securities cannot be sold, and offers to buy cannot be accepted, before that happens, Anthropic said. The offering will be made only through a prospectus.
The roadshow comes after Anthropic’s recent Claude Fable 5.2 and Mythos 5.2 model announcement. JBizNews also previously covered the company’s public benefit fund pledge.
JBizNews Desk | San Francisco
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