Reporting · technology
Anthropic withdraws IPO price range, pre-IPO perp drops nearly 7%
Anthropic has pulled its proposed IPO share price range after telling bankers the pricing details were inaccurate, and an updated filing is promised.
Quick take
- According to emails Reuters has seen, Anthropic has withdrawn the planned IPO pricing range it had shared with banks.
- Terms for the pulled offering covered about 867 million shares priced from $70 to $80 each, implying roughly $60.7 billion to $69.3 billion raised.
- The company has promised an updated filing, and trading could begin on November 19 or 20, which keeps the timing in focus.
BeInCrypto reported that Anthropic has pulled the share price range it had sent to bankers ahead of its initial public offering. Reuters, citing emails it had seen, reported the retraction. In those messages, the company told bankers that the pricing details were inaccurate.
The withdrawn range covered about 867 million shares priced between $70 and $80 each. Terms of that range implied a raise of roughly $60.7 billion to $69.3 billion. Anthropic has promised an updated filing, and trading could start on November 19 or 20.
Anthropic's pre-IPO perpetual contract on Hyperliquid, listed under the ANT ticker, fell nearly 7%. Trading on Tuesday morning placed the contract at $98.31, a price around 23% higher than the top end of the withdrawn range.
Jim Cramer said the AI recovery hinges on the Anthropic IPO. Separately, Anthropic's monthly compute commitment to SpaceX rose to more than $3 billion. Reported valuation discussions range from $1 trillion to $2 trillion.
Sources
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