Context: Blackstone forecasts Anthropic will get a high junk rating rather than investment grade after its IPO, which would make raising debt for its spending harder and costlier.
The range of $70 to $78 per share implies up to $1.404T fully diluted; SiliconANGLE puts the fundraising goal at $64B.
Sources: Anthropic's bankers are weighing plans to raise its IPO price following heavy demand, which could increase the valuation target to $1.5T or more — Claude maker's listing price expected to rise after strong demand from investors — Anthropic's bankers are weighing plans to increase …
S-1: Nvidia plans to invest ~$10B in Anthropic after its IPO, or ~10% of the total new cash Anthropic is expected to raise in November, including in its IPO — Nvidia planned to invest $10 billion in Anthropic alongside its initial public offering, the largest of the new financial commitments from…
Reuters saw emails to bankers with details of the IPO filing that Anthropic sent and then retracted; TechCrunch says the valuation range is expected this week.
Altimeter's Jamin Ball walks through the roadshow, the Thanksgiving window and what investors would need to believe about Claude.
The FT reports Anthropic still plans to list before Thanksgiving, aiming to raise $80B-$100B at a $1.25T to $1.75T valuation.
