Anthropic plans to sell up to 552.9 billion yen, or about $3.5 billion, of shares to investors in Japan as part of its US initial public offering, according to a filing disclosed on Monday.
The filing says the new shares issued to Japanese investors will go toward working capital, operating expenses and capital expenditure. It did not give the total size of the IPO or a valuation for the company. Some investors have discussed a valuation of about $1.5 trillion, according to earlier reporting.
For scale, Japanese investors secured $2.2 billion of the $75 billion raised in SpaceX's June IPO, the largest public offering on record. Anthropic's Japan ceiling is about 1.6 times that amount.
Key facts
- 01Anthropic plans to sell up to 552.9 billion yen, about $3.5 billion, of shares to Japanese investors in its IPO.
- 02The filing, disclosed November 2, says the proceeds will fund working capital, operating expenses and capital expenditure.
- 03The filing did not state the overall IPO size or a valuation; some investors have discussed about $1.5 trillion.
- 04Japanese investors took $2.2 billion of the $75 billion SpaceX raised in its June IPO.
- 05Anthropic filed its Form S-1 on October 26 and has applied to list on the Nasdaq Global Select Market as ANT.
Anthropic filed its Form S-1 with the SEC on October 26 and has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker ANT. The S-1 left the price range blank.
The registration statement says the offering includes public offerings in Australia, Canada, certain member states of the European Economic Area, Japan, Switzerland and the United Kingdom. Anthropic said it does not currently intend to list its stock on any exchange in those jurisdictions.
The Japanese brokers handling the tranche were not identified, and Anthropic has not set a listing or pricing date. The yen figure converts at 157.82 yen to the dollar.
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