ANTHROPIC TOOK ITS $1.4 TRILLION IPO ON THE ROAD — AND ITS OWN SUPPLIERS BOUGHT $26 BILLION OF IT

Anthropic launched the roadshow for its IPO on November 10, offering 825 million shares at $70 to $78 each — a sale that would raise up to $64.4 billion and value the Claude maker at up to $1.4 trillion on a fully diluted basis. The shares are expected to start trading on the Nasdaq under the ticker ANT on November 19, with Goldman Sachs and Morgan Stanley leading a syndicate of 22 banks.

Seven of Anthropic's own suppliers and customers — Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC — agreed to buy another $26 billion of stock in a concurrent private placement at the IPO price. The registration has not yet taken effect, so no shares can be sold until the SEC declares it effective — and the price range can still move.