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Anthropic plans to sell $3.5 billion of shares to Japan investors in IPO, filing

SynopsisThe new shares issued to Japanese investors will go to raise working capital and fund operating expenses and capital expenditure, the filing said.Listen to this article in summarized formatAI lab Anthropic will…

Anthropic plans to sell $3.5 billion of shares to Japan investors in IPO, filing

Synopsis

The new shares issued to Japanese investors will go to raise working capital and fund operating expenses and capital expenditure, the filing said.

Listen to this article in summarized format

AI lab Anthropic will sell up to 552.9 billion yen ($3.5 billion) worth of shares in Japan as part of its US public listing, a filing showed on Monday.

The new shares issued to Japanese investors will go to raise working capital and fund operating expenses and capital expenditure, the filing said.

The filing did not state the size or valuation of the IPO. Some investors have discussed a valuation of about $1.5 trillion for the company, Reuters has reported.

At SpaceX's IPO in June - the world's largest ever - investors in Japan secured shares worth $2.2 billion of $75 billion raised. Add as a Reliable and Trusted News Source Add Now!

(Catch all the Technology News News, and Latest News Updates on The Economic Times.)

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    Source: Economic Times — AI ↗

    Figures reflect the source report and its stated period. This article is for information and is not investment advice.