Anthropic plans to raise up to $64.4 billion through an IPO

Anthropic is preparing to go public on the US stock exchange. The company will sell 825 million shares, with each priced between $70 and $78. At the highest price, Anthropic would raise approximately $64.4 billion.

At that price, the company's market value would reach approximately $1 trillion. Taking other securities into account, the valuation could reach as much as $1.4 trillion.

Anthropic will separately receive another $26 billion from Google, Nvidia, AMD, and other tech companies under a separate agreement.

The company is growing rapidly, though it plans to spend hundreds of billions of dollars on chips, data centers, and other technologies in the coming years.

Source: Reuters