What Is the Anthropic IPO Size and Price Range?
Anthropic aims to sell 825 million shares at between US$70 and US$78 each, according to its filing with the US Securities and Exchange Commission. Even at the top of the range, the offering would fall short of the record US$86 billion raised by Elon Musk’s SpaceX in its June IPO.
The raise had been expected to reach US$100 billion, which would have made it the largest IPO on record. Estimates had put the valuation as high as US$2 trillion, but they have slipped along with the AI stock slide on Wall Street.
Who Is Buying Into Anthropic’s US$26 Billion Private Placement?
Seven tech companies, including Google, Nvidia, AMD and Microsoft, agreed to buy US$26 billion of non-voting shares at the IPO price. They are either investors in Anthropic or major suppliers of its computing power.
B. Riley Wealth Management’s chief market strategist Art Hogan told AFP the listing is “just another chapter” in investor worries over the cost of the AI buildout. He said “there are three massive companies that investors have wanted to be part of for the last three years and that’s SpaceX for sure, Anthropic is next, and perhaps next year OpenAI.”
How Fast Is Anthropic’s Revenue Growing?
- Q3 revenue: US$17 billion, up from US$1.4 billion a year earlier
- Annualised run-rate revenue: about US$81 billion as of October 31
- Run-rate gain: up US$10 billion from the end of September
The run-rate measures expected annual revenue based on current sales, so it is not the same as reported quarterly revenue. Investors may want to watch whether the run-rate keeps climbing as the listing approaches.
What Risks Did Anthropic Flag Before Its Listing?
The filing warns advanced AI systems “could pose catastrophic or existential risks to society if not developed and deployed responsibly.” It also flags “political backlash, or disproportionate regulatory action” over its public stance on AI regulation and safety.
The Pentagon has labeled Anthropic a national security risk after the company refused to lift restrictions on military use of its technology. Anthropic has also committed hundreds of billions of dollars to computing capacity, and it must make many of those payments even if demand falls short.
Democrats, who are more wary of AI, won control of both chambers of Congress in the US midterm elections. They have vowed to put the brakes on President Donald Trump’s agenda.
Why Does the Anthropic IPO Matter for Malaysian Investors?
Anthropic is not a Bursa Malaysia company, so Malaysians would need US market access to trade ANT once it lists. Compare account options in our Trading Account Types in Malaysia guide before deciding how you would access US shares.
Nvidia has been in focus after chief executive Jensen Huang was caught up in a spy scandal, adding volatility to AI-linked shares. The slide has hit companies tied to the AI boom, so investors may want to watch how Google, Nvidia and Microsoft trade around the debut, since all three are among the seven buyers in the private placement.
📊 On AI Stock Terminal: Malaysia IPO calendar
Disclaimer: This article is for general information only and is not a recommendation to buy, sell or hold any security. Anthropic is not listed on Bursa Malaysia. Always do your own research and consider your financial situation before investing.
Key Takeaways
- Anthropic plans to raise up to US$64 billion (RM260.8 billion) at a valuation of up to US$1.4 trillion.
- 825 million shares are priced at US$70 to US$78, with trading under ANT expected from November 19.
- Seven companies, including Google, Nvidia, AMD and Microsoft, will buy US$26 billion of non-voting shares.
- Q3 revenue reached US$17 billion, and annualised run-rate revenue was about US$81 billion as of October 31.
- Founders led by Dario and Daniela Amodei will keep just over half of shareholder votes.
Frequently Asked Questions
How much is the Anthropic IPO raising?
Anthropic plans to raise up to US$64 billion (RM260.8 billion) by selling 825 million shares at US$70 to US$78 each. The company filed the plan with the US Securities and Exchange Commission.
What is Anthropic’s stock ticker and when does it start trading?
Anthropic will trade under the ticker “ANT”, and reports say trading will begin on November 19. The company had aimed to go public in the week of November 16.
Is Anthropic listed on Bursa Malaysia?
No. The company filed with the US Securities and Exchange Commission, and its shares will trade under “ANT” rather than on Bursa Malaysia.
How much revenue did Anthropic earn in the third quarter?
Anthropic reported third-quarter revenue of US$17 billion, up from US$1.4 billion a year earlier. Its annualised run-rate revenue was about US$81 billion as of October 31.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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