Nvidia, Microsoft and Google to Buy $26 Billion of Anthropic Shares Privately

TLDR Anthropic plans to sell 825 million shares at $70 to $78 each. The range implies a valuation of about $1.3 trillion, below earlier estimates near $2 trillion. Tech firms including Nvidia, Microsoft and Google will buy another $26 billion of shares privately. Founders plan to sell about $250 million of stock each. Trading on the Nasdaq under ANT is expected on Nov. 19 or Nov. 20. Anthropic has set the terms for its initial public offering. The company said in a filing on Tuesday that it will sell 825 million shares at $70 to $78 each. At the top of that range, the sale would bring in up to $64.35 billion.

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