Anthropic Withdraws IPO Pricing Draft Sent to Bankers

Anthropic withdrew IPO pricing details it had emailed to bankers after saying the figures were inaccurate, leaving the proposed share count and price range unsettled. The company said it would update its filing later but did not specify which details were wrong.

The circulated draft showed about 867 million Class A shares offered at $70 to $80 each. It included about 843.3 million shares to be sold by Anthropic and 23.3 million from existing shareholders. At the top of the proposed range, the draft implied gross proceeds of about $69.3 billion. Those figures were not confirmed as final offering terms.

Anthropic’s public amended registration statement, dated November 2, still leaves the offering’s share count and price range blank. The filing says the company intends to list Class A shares on the Nasdaq Global Select Market under the symbol ANT. Anthropic had said in its initial registration statement, filed October 26, that the terms had not been determined.

The amended filing also gives Google an option to buy up to $10 billion of Anthropic Class N stock at the IPO price. Any amount exercised would reduce a $20 billion note facility, according to the filing. This provision is...