Anthropic expects IPO price between $70 and $78

Anthropic has filed an early prospectus with the U.S. Securities and Exchange Commission (SEC). It shows that the company behind Claude could raise up to $64.35 billion through its first public stock sale, known as an initial public offering (IPO). Anthropic and its current shareholders plan to sell 825 million Class A shares for $70 to $78 each.

Underwriters will have the option to buy up to 123.75 million more shares from Anthropic. This could increase the total size of the IPO to $74 billion. Based on an estimated 17.74 billion shares after the IPO, a share price of $78 would give Anthropic a possible value of $1.38 trillion before the private placement.

Anthropic plans to list its shares on the Nasdaq Global Select Market under the stock symbol "ANT."

More details will follow...