Finance1 min read

Anthropic launches roadshow for proposed initial public offering

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In short

The proposed initial public offering includes 825,000,000 shares of Class A common stock, with the vast majority being issued directly by Anthropic. A minor portion of the shares will come from existing shareholders, with the company receiving none of those specific proceeds. Furthermore, an additional 30-day option will be granted to underwriters to purchase up to 123,750,000 shares. The formal offering is proceeding via a prospectus handled by Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC.

Key points

  • Anthropic will receive no financial proceeds from the Class A common stock sold by its ex…: Anthropic will receive no financial proceeds from the Class A common stock sold by its existing stockholders.
  • The company anticipates the initial public offering price will land in the range of $70.0…: The company anticipates the initial public offering price will land in the range of $70.00 to $78.00 per share.
  • Securities cannot be sold until the filed registration statement formally takes effect wi…: Securities cannot be sold until the filed registration statement formally takes effect with the U.S. Securities and Exchange Commission.

Sources checked by our analysis pipeline: 1

Today Anthropic, PBC launched the roadshow for its proposed initial public offering of its Class A common stock.

The proposed offering consists of 825,000,000 shares of Class A common stock. Of these, 801,351,354 shares are being offered by Anthropic and 23,648,646 shares are being offered by certain existing stockholders. Anthropic will not receive any proceeds from the sale of shares by the selling stockholders. Anthropic also expects to grant the underwriters a 30-day option to purchase up to an additional 123,750,000 shares of its Class A common stock.

The initial public offering price is expected to be between $70.00 and $78.00 per share. Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol “ANT.”

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick…

Finance