Antropic's public offering price is 70 to 78 dollars... Up to $90.4 billion raised
Lower than the original forecast of $2 trillion
Quick Look
- Antropic is aiming for a corporate value of up to $1.02 trillion through IPO.
- It is expected to raise up to $64.4 billion by selling 825 million shares at $70 to $78 per share, and raise an additional $26 billion through a private placement agreement with Cornerstone investors, bringing the total amount to $90.4 billion.
- The burden of infrastructure investment, AI volatility, and prolonged high interest rates were cited as reasons for the decline from the original market forecast of $2 trillion.
AI-generated summary
Why It Matters
Antropic is continuing its rapid growth thanks to the explosive demand for Claude, its representative AI model. Third quarter sales were $16.96 billion, an increase of 47% from the previous quarter.
Antropic's goal was to be recognized as a corporate value of up to $1.02 trillion (approximately 1,366 trillion won) through an initial public offering (IPO).
According to Reuters on the 10th (local time), Antropic announced through public disclosure data that day that it plans to raise up to $64.4 billion (KRW 86.27 trillion) by selling 825 million shares in the public offering price range of $70 to $78 per share.
Separately, Antropic will raise an additional $26 billion in funds through a private placement agreement targeting Cornerstone investors such as Google, NVIDIA, AMD, Broadcom, Micron, Microsoft (MS), and TSMC.
When all of this is combined, the total amount of funding this time is expected to reach up to $90.4 billion (KRW 121.1 trillion).
Previously, the market predicted that Antropic's corporate value would reach up to $2 trillion (2,680 trillion won).
However, Reuters reported that the target was adjusted due to the enormous burden of infrastructure investment and increased volatility in artificial intelligence (AI)-related stocks.
It is interpreted that concerns over strengthening data center regulations following the recent U.S. midterm elections and growing doubts about the profitability of large-scale investments due to prolonged high interest rates have also had an impact.
However, Antropic continues to grow rapidly thanks to the explosive demand for Claude, its representative AI model.
Antropic's third quarter sales were $16.96 billion (22.7 trillion won), a 47% increase from the previous quarter.
What to Watch
AI outlook — possibilities, not facts
Antropic plans to raise up to $64.4 billion by selling 825 million shares at a public offering price band of $70 to $78.
Likely · Within weeks
It plans to raise an additional $26 billion through a private placement agreement with Cornerstone investors.
Likely · Within weeks
Open Questions
- When is the expected IPO date?
- Where is the listing exchange?
- What are the specific plans for using the funds raised?
