Anthropic Kicks Off IPO: Shares Priced at $70–78

A.I. startup Anthropic, which created the Claude chatbot, kicked off its investor roadshow, ahead of its initial public offering. It’s selling 825 million shares of its Class A common stock. Of those shares, 801.35 million come from the company, while the remaining shares are being sold by current investors. Shares are expected to price between $70 and $78 apiece. The stock will trade on the Nasdaq under the symbol ANT, and the offering is being led by Goldman Sachs and Morgan Stanley.

If the stock prices hit the high end or the low end of that price range, the IPO itself could bring in anywhere from $57.75 billion to $64.35 billion for Anthropic. There’s also an option for the underwriters to purchase almost 124 million additional shares. This is the first major test of whether investors will pay tens of billions of dollars directly for an artificial intelligence company, rather than for the chipmakers and data centers that supply one.