Anthropic set a price range of $70 to $78 a share for its IPO in an amended S-1 on Tuesday, offering 825M shares that would raise up to $64.4B if it prices at $78. The new range came a day after Anthropic emailed banks a filing with a $70 to $80 range for about 867M shares and then told them the pricing was inaccurate, according to Reuters. Google and Nvidia will each buy $10B of stock in a separate $26B private placement at the IPO price, alongside AMD, Broadcom, Micron, Microsoft and TSMC. At $78, the shares outstanding after the deal would be worth about $1.02T, and CNBC puts the fully diluted value at up to $1.405T. Anthropic plans to price the offering on Nov. 18 and start trading as ANT the next day.
