Anthropic has started marketing its proposed initial public offering, setting an expected price range of $70 to $78 per share. The artificial intelligence company and existing shareholders plan to offer 825 million shares, which could raise up to approximately $64.4 billion before expenses if priced at the top of the range.
The company behind the Claude AI assistant has applied to list its shares on Nasdaq under the symbol ANT. Reuters estimates that the proposed price range could value Anthropic at up to $1.02 trillion. The final offering price has not been set, and proceeds from shares sold by existing shareholders will not go to the company.
