Anthropic plans to raise $90.4 billion, with a target valuation of $1.4 trillion.

Anthropic PBC is seeking a fully diluted valuation of approximately $1.4 trillion in its initial public offering (IPO). Anthropic PBC and some of its shareholders plan to raise up to $90.4 billion through the IPO and private placement. According to a filing with the U.S. Securities and Exchange Commission on Tuesday, the initial public offering (IPO) aims to raise up to $64.4 billion, with a share price range of $70 to $78 per share. Anthropic PBC will issue 801.4 million shares, with investors selling 23.6 million shares. This offering includes a total of $26 billion in private placements to investors including AMD, Broadcom, Alphabet's Google, Micron Technology, Microsoft, Nvidia, and TSMC. Including the over-allotment option, the total funding will reach approximately $100 billion, exceeding SpaceX's $75 billion basic offering and $86.2 billion in over-allotment proceeds.