Artificial intelligence company Anthropic is preparing an initial public offering that could raise as much as $64.4 billion, according to a draft prospectus reviewed by Reuters on Tuesday.
The US-based company and some of its existing investors plan to offer shares at an indicative price range of $70 to $78 each, the document showed. Further details of the offering are expected to be announced soon as Anthropic prepares to begin marketing the deal to potential investors.
The proposed share sale would provide Anthropic with access to public equity markets as demand for artificial intelligence technology continues to drive major investment across the sector. The company develops Claude, a family of AI models used by businesses and individual customers for tasks including writing, coding, research and data analysis.
The draft prospectus indicates the scale of the planned offering, although the final amount raised will depend on the eventual share price and the number of shares sold. The participation of existing investors also means the transaction could include both newly issued shares and stock offered by current shareholders.
Anthropic did not immediately respond to a Reuters request for comment.
The offering comes amid growing investor interest in companies developing advanced AI systems, as technology groups compete to expand their computing capacity and commercial services. The sector has attracted substantial funding, with investors closely examining the costs of developing increasingly powerful models and the potential for long-term revenue growth.
Anthropic has emerged as a major competitor in the generative AI market through its Claude products and business-focused services. Its proposed listing is expected to attract attention from investors seeking exposure to the expanding AI industry.
The company is yet to announce the final terms and timetable for the share sale.
