Anthropic says its IPO roadshow is rolling—with 825 million shares in the pitch

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Counts from X are delayed. They’ll show here once X sends them.

At the time of the announcement, Anthropic said its registration statement had been filed with the U.S. Securities and Exchange Commission but had not become effective. Until it becomes effective, the securities cannot be sold and offers to buy cannot be accepted. Source

How the proposed offering breaks down

Of the 825 million shares in the proposed base offering, Anthropic says it would offer 801,351,354, while existing stockholders would offer 23,648,646. The company would receive no proceeds from those stockholder sales. Same offering, different pockets. Source

Multiplying the base share count by the expected price range gives a gross offering value of $57.75 billion to $64.35 billion, before fees and expenses. That includes both Anthropic's shares and the selling stockholders' shares. It isn't Anthropic's valuation or an estimate of the company's net proceeds. Source

Anthropic also says it expects to grant the underwriters a 30-day option to purchase up to an additional 123.75 million shares. Source

The announcement does not provide a final IPO price, pricing date or trading date. It describes a Nasdaq listing application, not an approved listing. Source