Anthropic retracts IPO terms sent to banks, then trims raise to as much as $64.4 billion

Anthropic briefly circulated a securities filing to banks late Monday showing plans to sell about 867 million shares at $70 to $80, a raise of up to $69.3 billion, then emailed that the pricing details were inaccurate, according to emails seen by Reuters. A later draft prospectus cut the offering to 825 million shares at $70 to $78, or up to $64.4 billion, Reuters reported. The filing also showed a $26 billion private placement at the IPO price from Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC. The roadshow for the Nasdaq listing under the ticker ANT is expected to start Tuesday, with pricing the following week.