UPDATED TUE 10 NOV · 12:52 UTCLIVE
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Anthropic launches IPO roadshow

Anthropic is raising up to $64bn in an IPO, with reports of a valuation near $1tn or higher. Filings show a sharp revenue ramp.

Anthropic
Anthropic. Photo: HaeB, CC BY-SA 4.0, via Wikimedia Commons

What we know

The FT reports that Anthropic and its backers plan to raise up to $64bn as the roadshow begins, one of the biggest Wall Street debuts ever. Market news accounts say it seeks a $1.4tn fully diluted valuation (unconfirmed), while another report cites a ~$1tn target. A prediction-market account lists 825M shares at $70–$78 plus a $26B private placement. Per the IPO filing, as relayed by a market news account, run-rate revenue reached $81B at Oct. 31 and Q3 revenue was $17B. The filing also shows a roughly $34.9B Lambda compute deal is now terminable after Lambda missed a lease deadline. TSMC plans to buy up to $500M of Anthropic shares and up to $500M of OpenAI preferred stock, per a market news account.

How the story developed

10 Nov · 12:52 UTC

Anthropic is raising up to $64bn in an IPO, with reports of a valuation near $1tn or higher. Filings show a sharp revenue ramp.

10 Nov · 11:52 UTC

Anthropic is seeking up to $64.35B at $70–$78 per share, valuing it around $1 trillion, with $26B of private placements from chip and cloud partners.

Sources

@FT

“Anthropic and its backers are planning to raise up to $64bn in its initial public offering”

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What people are posting

Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.

@wallstengine

“ANTHROPIC'S REVENUE RUN RATE JUMPED $10B IN ONE MONTH TO $81B”

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@wallstengine

“compute deal with Lambda can now be terminated by either company”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.