Claude’s Maker Wants to Go Public Next Week. A Leaked Plan Showed a $69 Billion Sale.

Anthropic, the company behind the Claude chatbot, is getting ready to let regular investors buy its stock for the first time. And a filing that leaked out Monday night showed just how big the sale could be.

The leaked numbers

Late Monday, an Anthropic representative emailed banks a copy of a securities filing showing plans to sell about 867 million shares at $70 to $80 each, according to emails seen by Reuters. At the top price, that would raise $69.3 billion.

Then came a second email. Anthropic told the banks the pricing details were “inaccurate” and said it would update the filing later. It didn’t say what was wrong, and Reuters couldn’t tell either. Anthropic declined to comment.

Big Tech wants a piece

The leaked filing also showed Anthropic had lined up $26 billion from some of the world’s biggest tech companies, buying in at the same price as everyone else. The list included Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC, the giant Taiwanese chipmaker.

When it could start trading

Anthropic is aiming to start trading on the Nasdaq next Thursday or Friday under the ticker symbol ANT, The Wall Street Journal reported, according to TechCrunch. Its sales pitch to big investors is expected to begin Tuesday.

The timing is bold. Nasdaq companies lost a combined $2.5 trillion in value in one day last Thursday, and some big investors are now pushing for a lower price. They had talked about valuing the company at $1.5 trillion as recently as last week, down from $2 trillion a few months ago.

What buyers are getting

Anthropic’s own filing shows fast growth with a big bill attached. Revenue hit $16.96 billion in the third quarter, up from $11.56 billion the quarter before, according to an Investing.com review of the filing. But it lost $567 million on operations that quarter and has about $895 billion in commitments, mostly for computing power.

For comparison, SpaceX raised roughly $75 billion in its record-setting debut in June. Anthropic’s sale could land in the same neighborhood.