Anthropic sets an IPO price range of $70 to $78 a share and plans to list on Nasdaq as "ANT"
The roadshow offers 825 million shares. According to the S-1, each of the seven co-founders will sell about $250 million worth at the midpoint.
Anthropic has launched the roadshow for its initial public offering of Class A common stock. It has set a price range of $70 to $78 per share and applied to list on the Nasdaq Global Select Market under the symbol "ANT." The offering consists of 825,000,000 shares. Anthropic is selling 801,351,354 of them and existing stockholders are selling 23,648,646, with no proceeds from those going to the company. Underwriters will have a 30-day option to buy up to 123,750,000 more shares. Goldman Sachs and Morgan Stanley are named as contacts for the preliminary prospectus, and the registration statement is not yet effective. TechCrunch reports that the S-1 shows each of the seven co-founders, including CEO Dario Amodei and president Daniela Amodei, selling 3,378,378 shares, or just under $250 million each at the $74 midpoint. Afterward, each will hold about 3.2% of outstanding Class A shares. Board member Reed Hastings plans to buy $300 million worth of shares through his donor-advised fund, and board member Christopher Liddell plans to buy $3 million. TechCrunch says the offering could value Anthropic at $1.4 trillion.