Anthropic sets its IPO range at $70 to $78 a share, with up to $64.35B raised and Google and Nvidia buying $10B each

An updated filing on 10 November shows Anthropic offering 825 million Class A shares at $70 to $78, raising $57.75B to $64.35B and implying up to about $1.4T on a fully diluted basis, up from the $965B valuation of its May round. Google and Nvidia will each buy about $10B of shares at the IPO price, alongside AMD ($2.5B), Broadcom, Micron and Microsoft ($1B each) and TSMC ($500M), taking total proceeds to about $90B. CNBC reports it plans to price on 18 November and start trading on Nasdaq as ANT on 19 November, with about 20% of shares aimed at retail investors. Only SpaceX's $75B June IPO was bigger.