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Anthropic is targeting up to $64.35 billion in share sales in its initial public offering, according to a draft prospectus reported by Reuters. The AI developer plans to offer 825 million shares at an indicative price range of $70 to $78, implying gross proceeds of $57.75 billion to $64.35 billion. The filing also references cornerstone private investment, though terms were not detailed in the excerpt. The listing would rank among the largest IPO fundraises on record and gives public-market investors direct exposure to a leading frontier AI model developer. Next, watch the final price range, cornerstone allocations and demand signals during the roadshow, which will set the company's valuation at listing.

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Anthropic, Reuters, Walter Bloomberg