Anthropic’s nearly $70 billion IPO plan briefly circulated to banks, then retracted

Anthropic logo and a keyboard in this illustration taken October 19, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights

Details of Anthropic’s blockbuster IPO, including plans by the AI ‌company to raise nearly $70 billion, were briefly circulated to banks before being retracted late on Monday, according to emails seen by Reuters.

A representative of Anthropic sent a copy of a securities filing that showed it aimed to sell about 867 million shares at a price range of $70 to $80 per share, ​then followed up with an email saying details about the pricing were inaccurate. Anthropic said in the second email ​it would update the filing later.

Anthropic declined to comment. The email did not specify to bankers what ⁠was erroneous, and Reuters was unable to determine what was incorrect.

The original email whose details were retracted showed Anthropic planned to ​sell 866.7 million Class A shares, including a secondary offering. Anthropic itself would sell about 843.3 million shares, while existing shareholders ​would sell an additional 23.3 million shares. The IPO would raise $69.3 billion at the top of the range.

Separately, the original filing showed that Anthropic had lined up $26 billion in investments from some of the world’s biggest technology companies alongside its IPO, underscoring the increasingly intertwined financial ties underpinning the AI ​boom.

Alphabet’s (GOOGL.O), opens new tab Google, Nvidia (NVDA.O), opens new tab, Advanced Micro Devices (AMD.O), opens new tab, Broadcom (AVGO.O), opens new tab, Micron Technology (MU.O), opens new tab, Microsoft (MSFT.O), opens new tab and TSMC (2330.TW), opens new tab had agreed to participate in the private placement of ​Anthropic’s Class N common stock at the IPO price, which would close immediately after the IPO, the original filing showed.

Anthropic is expected to formally ‌launch the ⁠roadshow on Tuesday, with pricing expected in the following week.

The Anthropic IPO comes at a time when other companies in the AI infrastructure and data center sectors have delayed or withdrawn their planned listings, facing a rise in interest rates that has helped fuel a punishing selloff in shares and bonds of AI operators such as CoreWeave Inc (CRWV.O), opens new tab and broader questions about the sustainability of AI spending.

Source : https://www.reuters.com/business/anthropic-aims-raise-up-693-billion-blockbuster-ipo-2026-11-10

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