Anthropic Retracts IPO Pricing Amid Record-Breaking Nasdaq Plans

Anthropic retracted its initial public offering pricing details sent to bankers on Monday, citing inaccuracies in the figures. The retracted filing had suggested the sale of approximately 867 million shares at $70 to $80 each, a move that would have raised up to $69 billion. The company declined to comment on the error but stated it would update the filing later.

Despite the retraction, the AI company is targeting a record-breaking offering that could equal or exceed the $86.2 billion raised by SpaceX in June. Potential investors are currently discussing valuations between $1.1 trillion and $1.3 trillion, though some have pushed for a lower valuation following a recent selloff in AI stocks. It remains unclear if a reported $26 billion private placement involving Google, Nvidia, and Microsoft is affected by the pricing correction.

To promote the debut, CEO Dario Amodei and JPMorgan Chase CEO Jamie Dimon will participate in a live-streamed marketing event in New York this Friday. Anthropic aims to begin formal marketing as early as Tuesday and start trading on the Nasdaq under the ticker ANT as early as next Thursday or Friday, ahead of the US Thanksgiving holiday. Goldman Sachs holds the lead-left role, while JPMorgan leads domestic retail marketing, Citigroup coordinates international offerings, and Morgan Stanley serves as the stabilization agent.