IPO: Banks probably want to increase Anthropic's valuation to $1.5 trillion

Dusseldorf. The IPO of the artificial intelligence (AI) developer Anthropic could bring in a higher valuation than previously thought. Anthropic's banks are considering increasing the chatbot provider's valuation to $1.5 trillion or more. This is reported by the “Financial Times”, citing insiders.

The banks could therefore increase pressure on Anthropic to raise the starting price for the IPO above the range of 70 to 78 dollars per share. The company mentioned this in its prospectus on Tuesday. Demand is apparently high: According to Bloomberg, orders from potential investors already covered all the stocks on offer at launch.

Anthropic, developer of the chatbot Claude, wants to raise up to $64.4 billion with the IPO, according to the prospectus. The market valuation would then be over a trillion dollars. Anthropic is offering 801.4 million shares, and existing shareholders are selling a further 23.6 million. The seven co-founders, including CEO Dario Amodei, each contributed 3.38 million shares.

In addition, there is the private placement of $26 billion that AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC are subscribing. With an over-allotment option, the total volume would increase to around $100 billion. The share is scheduled to be priced on Wednesday, November 18th, with trading beginning the following day.