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Details of Anthropic’s planned initial public offering (IPO), including a plan to raise up to $69.3 billion, reportedly were briefly circulated to banks before the company retracted them, saying the pricing was inaccurate.

An Anthropic representative emailed banks a securities filing on Monday, then sent a second email saying details about the pricing were inaccurate and that the filing would be updated later. The second email did not specify what was erroneous, Reuters reported on Tuesday.

Retracted Filing Showed Plans for $69.3 Billion Raise

The initial email, which included a copy of a securities filing whose details were retracted, showed Anthropic intended to sell 866.7 million Class A shares at $70 to $80 each, including 23.3 million sold by existing shareholders in a secondary offering. That would raise $69.3 billion at the top of the range, according to the report.

The filing also showed $26 billion in investments lined up alongside the IPO. Alphabet Inc. (NASDAQ: GOOG), Nvidia Corp. (NASDAQ: NVDA), Advanced Micro Devices Inc. (NASDAQ: AMD), Broadcom Inc. (NASDAQ: AVGO), Micron Technology Inc. (NASDAQ: MU), Microsoft Corp. (NASDAQ: MSFT) and Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) had agreed to join a private placement of Anthropic’s Class N common stock at the IPO price, closing immediately after the IPO, the report added.

Anthropic did not immediately respond to Benzinga’s request for comment.

Roadshow Set as AI Listings Stall

Anthropic is expected to formally launch its roadshow on Tuesday, with pricing the following week. Other AI infrastructure and data center companies have delayed or withdrawn listings amid a rise in interest rates that helped fuel a selloff in shares and bonds of AI operators such as CoreWeave Inc. (NASDAQ: CRWV), per the report.

Investors had discussed a valuation of as much as $2 trillion, but $1.5 trillion is now viewed as the high end, Reuters previously reported. Some major investors expect the valuation to fall further, with one putting it closer to $1 trillion, potentially delaying the IPO. Anthropic is aiming to begin trading on the Nasdaq as soon as Thursday or Friday next week.

Fable and Mythos 5.2 Launched

On Monday, Anthropic introduced Claude Fable 5.2 and Claude Mythos 5.2, which it said generate outputs up to 30% faster than their predecessors. In pre-release testing, the company said the models helped engineers design three working electronic devices and identify software vulnerabilities. Mythos 5.2 remains restricted to vetted organizations, the company noted.

Russ Fradin, CEO of enterprise AI analytics firm Larridin, said Monday that more than half of the Fortune 500 spend at least $100,000 a year with Anthropic, yet its revenue is less than 0.1% of those customers’ total expenses on average, per its S-1 filing. He called that "probably the single most bullish thing" in the filing.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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