Anthropic Plans IPO to Raise Up to $64.4 Billion

Anthropic plans to launch an initial public offering next week, aiming to raise up to $64.4 billion by selling 825 million shares priced between $70 and $78. The offering would value the AI firm at up to $1.4 trillion.

Following a blueprint established by the June debut of Space Exploration Technologies Corp., the company will be added to at least six major indexes, including the Nasdaq 100 and S&P Total Market Index, within 5 to 15 days of listing. This rapid inclusion is expected to trigger approximately $19 billion in passive demand from index-tracking funds.

In addition to the public offering, the company is raising $26 billion through a private sale to cornerstone investors, including Alphabet Inc., Nvidia Inc., and Advanced Micro Devices. While following the SpaceX model for index inclusion, Anthropic will diverge by allowing employees who hold roughly 15% of equity to sell their shares on the first day of trading.