Funding
Nvidia and Alphabet Commit $10 Billion Each to Anthropic's IPO
Nvidia and Alphabet have each committed $10 billion to Anthropic's initial public offering (IPO). The private placement is part of a $26 billion total, with Nvidia and Alphabet accounting for $20 billion of the total. The IPO is expected to raise between $84.6 billion and $93.7 billion, with the final share price and underwriter options determining the exact amount. The offering includes 825 million Class A shares priced between $70 and $78 per share, with the private placement designed to raise $26 billion from seven anchor investors, including Nvidia and Alphabet.