Funding
Anthropic Raises $26 Billion in Private Placement for IPO
AI company Anthropic has set a price range of $70 to $78 per share for its initial public offering (IPO), raising up to $64.4 billion. The company plans to sell 825 million shares of Class A common stock, with 801.4 million new shares and 23.6 million from existing shareholders. Google and Nvidia are among the seven companies that have agreed to buy $26 billion of Class N common stock at the IPO price, which will not be subject to a lock-up period. Anthropic expects net proceeds of about $84.6 billion from the IPO and the private placement combined, which it plans to use for general corporate purposes, including investment in compute and infrastructure.