Anthropic begins its roadshow for a planned IPO

Offering size and price

A total of 825 million Class A shares are planned for the offering. Anthropic is selling 801,351,354 shares, while certain existing shareholders are selling 23,648,646. The company will not receive proceeds from the sale of shareholders’ shares.

Anthropic also expects to grant the underwriters a 30-day option to purchase up to 123,750,000 additional Class A shares. The expected price range is $70–78 per share.

Documents and terms of sale

The offering will be made only through a prospectus. A copy of the preliminary prospectus can be requested from Goldman Sachs & Co. LLC: Prospectus Department, 200 West Street, New York, NY 10282; by phone at (866) 471-2526 or by email at prospectus-ny@ny.email.gs.com. The document is also available from Morgan Stanley & Co. LLC: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

Anthropic has filed a registration statement related to the shares with the U.S. Securities and Exchange Commission, but it has not yet become effective. Until then, the shares cannot be sold, and offers to buy them cannot be accepted. The company’s announcement does not constitute an offer to sell or a solicitation of an offer to buy securities. The sale will also not take place in any state or jurisdiction where it would violate local securities registration or qualification laws.

Dataist's take: The announced price and offering size describe the terms of a proposed offering, but do not mean that it has already taken place: the registration statement is not yet effective. The financial terms could also change if the underwriters exercise the option for additional shares.