Anthropic has withdrawn preliminary pricing details from its planned initial public offering (IPO) after the figures, which suggested the artificial intelligence company could raise as much as $69.3 billion, were found to be inaccurate.
According to Reuters, the company initially circulated a copy of an IPO filing indicating plans to offer approximately 866.7 million shares at a price range of $70 to $80 per share. At the upper end of that range, the listing could have generated as much as $69.3 billion.
Anthropic subsequently sent a follow-up communication to banks stating that the pricing information was incorrect. A company representative confirmed that an updated filing would be provided, though the company did not specify which details were inaccurate.
Breakdown of the Original Filing
The retracted email showed that Anthropic intended to sell roughly 866.7 million Class A shares. This comprised about 843.3 million shares issued by the company and an additional 23.3 million shares offered by existing shareholders.
Following the withdrawal of the pricing details, the status of the proposed terms remains uncertain.
Private Placement Involving Major Tech Firms
The original filing also outlined a proposed $26 billion private placement involving seven major technology companies alongside the IPO. The arrangement underscores the deepening financial ties between large technology firms and AI developers, as companies compete for access to computing infrastructure and advanced AI models.
The retraction comes after months of preparation for Anthropic’s stock market listing, with earlier reports pointing to ambitious valuation expectations. The IPO groundwork is unfolding amid intensifying competition among leading AI developers for investor capital.
Anthropic’s move to pull the pricing details leaves investors awaiting revised figures, with the timing and final terms of the listing yet to be confirmed.
