Anthropic aims to raise up to US$3.5 billion from Japanese investors in US IPO

Anthropic aims to raise up to US$3.5 billion from Japanese investors in its planned US IPO, The Business Times reports, citing a Nov. 2 regulatory filing. That is a proposed amount for the Japanese share sale, not the size of the entire IPO.

According to The Business Times’ account of the filing, proceeds from new shares issued to Japanese investors are intended for working capital, operating expenses and capital expenditure. Mizuho Securities will manage the Japanese sale, while Goldman Sachs Group, Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities are among the firms that will handle investor orders, the report says. Mizuho Financial Group and Mitsubishi UFJ Financial Group are among the underwriters, The Straits Times reports.

Investors in Australia, Canada and parts of Europe will also be able to buy into the initial sale, according to The Straits Times. The Business Times says the Nov. 2 filing did not state the overall IPO’s size or valuation.