Anthropic launches IPO roadshow, shares expected at $70 to $78

What happened: Anthropic has launched the roadshow for its proposed initial public offering of Class A common stock, according to its announcement dated 10 November. The shares would list on the Nasdaq Global Select Market under the ticker ANT.

The numbers: The offering proposes 825,000,000 Class A shares. Anthropic is offering 801,351,354 of them, and certain existing stockholders are offering 23,648,646. Underwriters have a 30-day option to buy up to 123,750,000 more.

The price: Reports said the amended registration filed on 2 November left the price range blank. The $70.00 to $78.00 range is therefore new as of the roadshow launch.

In their words: Anthropic's announcement says the price "is expected to be between $70.00 and $78.00 per share."

Why it matters: The range is the price at which the offering is currently expected to be priced. It is the first concrete figure attached to the listing.

The catch: The registration statement has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.

What's next: Secondary reports say the shares could debut in the week of 16 November. Anthropic has not confirmed this timing.