Exclusive-Anthropic’s nearly $70 billion IPO plan briefly circulated to banks, then retracted

Antonian, the leading AI company, briefly shared details of a potential $70 billion IPO with banks on November 9th, only to retract the information later that day, according to internal emails obtained by Reuters. The company aimed to sell approximately 867 million shares at a price range of $70 to $80 each, but later clarified that the pricing details were inaccurate and promised to update the filing.

The original email stated that Anthropic would sell 866.7 million Class A shares, with Alphabet's Google, Nvidia, Advanced Micro Devices, Broadcom, Micron Technology, Microsoft, and Taiwan Semiconductor Manufacturing Company participating in the private placement of their Class N common stock at the IPO price, which was to occur immediately after the IPO.

The filing also revealed that Anthropic had secured $26 billion in investments from major tech firms alongside the IPO. The company, founded in 2021 by former OpenAI executives, has established itself as a key player in generative AI, with its Claude models being widely used. Despite a decline in its quarterly growth rate, Anthropic's revenue reached nearly $17 billion during the three months ending September 30th, with the company relying on substantial computing commitments from its partners.