Anthropic IPO Draft Sets $78 Maximum Share Price

Anthropic has revised the draft terms of its planned Anthropic IPO, cutting the proposed maximum share price from $80 to $78 and reducing the potential offering from $69.3 billion to about $64.4 billion. The update surfaced Tuesday, Nov. 10, after the company withdrew an earlier pricing version it described as inaccurate. The proposed range retains its $70 floor, while the reported share count drops from about 867 million to 825 million.

The change lands just before the planned stock-market debut. Investors now face an enormous proposed sale and an unexplained correction to the IPO’s terms. Anthropic says the earlier information was inaccurate, but it has not identified the faulty details or explained the lower ceiling.

How the Anthropic IPO Draft Changed

How did the proposed price range shift?

The earlier draft sent to banks proposed $70 to $80 per share. A later version narrows that range to $70 to $78, according to BeInCrypto, which said the revised draft had been seen by Reuters. The floor remains unchanged. Only the maximum moves, dropping by $2.

The reported share count also fell, from about 867 million to 825 million. At each version’s maximum price, those figures point to potential raises of $69.3 billion and about $64.4 billion. The revised ceiling comes in about $4.9 billion lower, a reduction of roughly 7%.