Anthropic's (ANT) IPO range values it at up to $1.02 trillion, or about $1.4 trillion fully diluted

Key points Anthropic sets its IPO range at $70 to $78 Anthropic's top price values outstanding shares at $1.02 trillion Nvidia, AMD, and five others agree to buy Anthropic stock Anthropic (ANT) set a price range of $70 to $78 a share for its initial public offering on Tuesday. At $78, the AI company would be worth about $1.02 trillion, based on the shares it expects to have outstanding after the IPO and a separate private placement. Anthropic is offering 825 million Class A shares, according to an amended filing with the Securities and Exchange Commission. The company is selling about 801.4 million of them, and existing stockholders are selling the other 23.6 million. It has applied to list on the Nasdaq Global Select Market under the ticker ANT. Six US brokers, including Fidelity and Robinhood, are taking requests for shares at the IPO price, and we explain each one's rules in our guide to how to buy Anthropic stock at the IPO price. Anthropic plans to price the deal on Nov.

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