ANTHROPIC is seeking $3.0–3.5bn from Japanese investors, planning to sell
38.5m–50.0m shares at a reference price range of $70–78 per share, according to
a filing with Japan’s Ministry of Finance. The company included Japan in its
financing plan after launching its IPO roadshow; it has said total proceeds
could top $3.5bn. ANTHROPIC’s broader IPO would offer up to $64.4bn of stock;
the filing implies a valuation of roughly $1.0tn on listed shares and about
$1.4tn on a fully diluted basis. The Japan tranche is an unlisted public
offering aimed at domestic high-net-worth households and will help Mizuho
Financial Group bolsters its role as a lead coordinator on large transactions.
