American AI firm Anthropic could potentially garner $64.4 billion in its upcoming initial public offering (IPO), based on a document submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday.
The document states that Anthropic and some current investors plan to sell shares priced between $70 and $78. If the shares are valued at the upper limit of this range, the company’s worth would surpass $1 trillion.
A total of 825 million shares of Anthropic will be available in the IPO. The company will issue 801.35 million shares, while the rest will be sold by current shareholders.
Furthermore, the firm intends to secure $26 billion via a private share placement to key investors, which encompass Google (a part of Alphabet Inc.), Nvidia Corp., Advanced Micro Devices Inc., Broadcom Inc., Micron Technology Inc., Microsoft Corp., and Taiwan Semiconductor Manufacturing Company.
With the addition of the capital from these cornerstone investors, the total worth of the offering would amount to $90.4 billion.
Data published by the firm last week indicates that its net loss for the July–September timeframe almost doubled compared to the previous year, despite a twelvefold increase in revenue. The IPO prospectus reveals that, as of October 31, Anthropic’s annual revenue was about $81 billion, up by $10 billion from the amount noted on September 30.
The firm also emphasized the dangers linked to AI technology advancement, specifically mentioning that rivals might secure an edge by creating AI models faster. Additionally, Anthropic observes that the advancement of AI technologies might exceed its capacity to establish suitable safety protocols.
source: bloomberg.com
