SAN FRANCISCO, United States — Anthropic has withdrawn share pricing details from an initial filing for its planned public listing, after telling banks the information was inaccurate. The details had indicated the artificial intelligence company could raise as much as $69.3 billion.
The filing indicated plans to offer about 866.7 million Class A shares at between $70 and $80 each. At the top of that range, the offering would raise about $69.3 billion. The shares comprised about 843.3 million new shares from the company and 23.3 million from existing shareholders, meaning not all of the proceeds would go to Anthropic.
The company has not said which details were wrong. A company representative said an updated filing would be provided. The status of the proposed terms is uncertain following the withdrawal.
According to the original filing, Anthropic was expected to begin its investor roadshow on Tuesday, November 10, with pricing anticipated the following week.
The same filing outlined a proposed $26 billion private placement involving seven technology companies alongside the offering. They are Alphabet’s Google, Nvidia, Advanced Micro Devices, Broadcom, Micron Technology, Microsoft and Taiwan Semiconductor Manufacturing Company. Under the plan, the companies would buy Anthropic’s Class N common stock at the offering price, with the placement expected to close immediately after the public offering.
Anthropic filed in late October for a listing on the Nasdaq Global Select Market under the ticker ANT. At that stage it had not disclosed the number of shares it intended to offer or the proposed price range. Earlier reports had pointed to a November listing at a valuation of between $1.8 trillion and $2 trillion, although the timetable and valuation remained subject to change.
The preparations come amid competition among major artificial intelligence developers for investor capital. OpenAI recently secured $11 billion in fresh funding at a $1.25 trillion valuation while delaying its own public listing plans.
