Anthropic가 기업공개(IPO) 로드쇼를 시작했으며, 주당 70달러에서 78달러에 주식을 공모하고 최대 1조 2,000억 달러(약 1.02조 달러)의 기업가치를 목표로 하고 있습니다. 공모로는 최대 644억 달러를 조달할 수 있으며, Google, Nvidia, Microsoft 등 주요 기술 기업을 대상으로 한 260억 달러 규모의 사모 배정이 기관 투자 기반 역할을 할 예정입니다.
Anthropic is hitting the road to pitch investors on its IPO. Despite growing skepticism on Wall Street and massive infrastructure costs, the stock offering could raise up to $90.4 billion.
According to a report from Reuters, the AI company plans to raise up to $64.4 billion through its public offering. Based on the share count listed in its prospectus, the OpenAI rival is targeting a valuation of up to $1.02 trillion. Details of the plan were briefly sent to investment banks on Monday evening before being pulled back.
On top of the public offering, Anthropic is securing $26 billion through a separate private placement. Anchor investors include Google, Nvidia, AMD, Broadcom, Micron Technology, Microsoft, and TSMC. Together, the total share placement volume could reach $90.4 billion.
In an official announcement, Anthropic said the public offering covers 825 million Class A common shares priced between $70 and $78 per share. Of those, 801,351,354 shares come directly from Anthropic, while existing shareholders are selling 23,648,646 shares. Anthropic will not receive any proceeds from those secondary sales. The underwriting syndicate, led by Goldman Sachs and Morgan Stanley, also has a 30-day option to buy an additional 123.75 million shares. The stock will trade on the Nasdaq under the ticker symbol "ANT."
Ahead of the listing, potential backers had pushed for a lower valuation after a previously discussed $1.5 trillion figure was deemed too rich. A private funding round in May valued the company, led by CEO Dario Amodei, at $965 billion. Major existing investors include Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. The largest IPO so far this year was Elon Musk's SpaceX, which raised $75 billion in June at a valuation of nearly $1.75 trillion.
**Billions in revenue, but data center costs are staggering**
In the third quarter, Anthropic narrowed its net loss and grew revenue 47 percent quarter over quarter to $16.96 billion. Growth slowed compared to the prior quarter, when revenue jumped 144 percent. The company, founded in 2021 by former OpenAI researchers, credits strong demand for its Claude models, particularly its specialized industry solutions for healthcare, finance, and legal services.
That growth comes with a hefty price tag. According to the prospectus, Anthropic has committed to nearly $900 billion in compute capacity with partners such as Amazon and Google. Some of that future infrastructure depends on financing outside the company's control.
The repeatedly delayed IPO arrives amid growing market skepticism. In today's high-interest-rate environment, investors are increasingly questioning the sustainability of the AI investment cycle, circular funding structures, and potential overcapacity in data centers. On Thursday, the Nasdaq posted its sharpest single-day drop in 19 months after strong Democratic gains in the U.S. midterm elections fueled fears of tighter regulations on AI data center construction.