Anthropic plans to sell 825 million Class A shares at $70 to $78 each in its IPO, with final pricing expected on November 18 and trading on the Nasdaq beginning November 19. The offering could raise between $57.75 billion and $64.35 billion before underwriting fees and over-allotment shares, with Goldman Sachs and Morgan Stanley leading the deal. The company plans to trade under the ticker “ANT” and could reach a fully diluted valuation of roughly $1.02 trillion at the top of the range. It also plans a concurrent $26 billion private placement of non-voting Class N shares with several technology partners. Anthropic is targeting about a 20% retail allocation, well above the typical 5% to 10%, to help generate demand for a deal of this size.
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