Anthropic Targets $1.02 Trillion IPO Valuation, Seeks to Raise $90.4 Billion

IPO price set at $70-$78 per share
Raises additional $26 billion from Google, Nvidia and others through private placements

Anthropic, the developer of the artificial intelligence (AI) model Claude, is targeting a valuation of up to $1.02 trillion (approximately KRW 1,366 trillion) in its initial public offering (IPO). It plans to raise up to $90.4 billion (approximately KRW 121.1 trillion) through a combination of the public offering and private placements.

Yonhap News Agency

According to Reuters on November 10 (local time), Anthropic said in a filing that it plans to offer 825 million shares at $70 to $78 per share. If the offering price is set at the top of the range, the offering would total approximately $64.4 billion (approximately KRW 86.27 trillion).

Separately from the public offering, Anthropic will raise an additional $26 billion through private placements with Google, Nvidia, AMD, Broadcom, Micron, Microsoft (MS), TSMC, and others.

Earlier, some market forecasts suggested Anthropic's valuation could reach as much as $2 trillion. Reuters reported that the burden of large-scale AI infrastructure investment and increased volatility in AI-related stocks had influenced the adjustment to its valuation target.

Anthropic's third-quarter revenue reached $16.96 billion (approximately KRW 22.7 trillion), driven by growing demand for Claude. This was up 47% from the previous quarter.

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