The imminent arrival of Anthropic on the Nasdaq could take place on November 19, according to several media outlets, after the artificial intelligence 'startup' has set an indicative range of between $70 and $78 for the price of each of the 825 million shares it plans to place in its initial public offering.
Although the latest version of the prospectus submitted yesterday by the company to the United States Securities and Exchange Commission (SEC) still does not specify the exact date, sources consulted by the U.S. network CNBC indicate that Anthropic plans to set the price of its shares on November 18 and begin trading on November 19.
In parallel, the documentation filed by Anthropic with the Australian regulator lists November 19 as the date for determining the price and November 20 as the start of stock market trading, specifying that this is in Australian Eastern Time (AEDT), 16 hours ahead of New York.
In any case, Anthropic itself emphasizes in the prospectus that the dates indicated "are merely indicative and may be subject to change without prior notice".
The company plans to launch public offerings in the United States, Australia, Canada, several states of the European Economic Area (Germany, Denmark, Finland, France, Ireland, the Netherlands, Norway, Spain, and Sweden), Japan, Switzerland, and the United Kingdom.
Anthropic shares will trade on the Nasdaq Global Select Market under the symbol 'ANT'.
According to the information filed, Anthropic will offer 825 million shares for sale, with a price range of between $70.00 and $78.00 per share, which would allow it to raise between $57.750 and $64.350 million (51.616 and 57.515 million euros).
In detail, the firm intends to issue 801.35 million Class A common shares, while selling shareholders will bring an additional 23.65 million shares of the same class to the market.
In addition, the underwriting entities will have an option to acquire up to 123.75 million additional shares of the company at the initial public offering price, less the underwriting discount.
On the other hand, the company led by Dario Amodei has signed an agreement with Advanced Micro Devices (AMD), Broadcom, Google, Micron Technology, Microsoft Corporation, Nvidia Corporation and TSMC Partners, under which these companies "have committed, individually and not jointly," to buy a total of $26 billion ($23.238 billion in euros) in Class N common shares of Anthropic through a private placement at the same price per share as that of the initial public offering.
This private placement is conditioned on the completion of the initial public offering and is expected to close immediately after it.
Taking into account the number of shares outstanding that the company projects following its stock market listing, the pro forma capitalization of Anthropic at the maximum price of $78 per share would be around $1.02 trillion ($911.660 billion in euros) or $1.4 trillion ($1.25 trillion in euros) on a fully diluted basis, including options and convertible securities.