Anthropic launches roadshow for proposed initial public offering

The source is a short prospectus notice, so I am splitting those share, price, bank, and filing facts across the five sections and checking the length.A few paragraphs are short of the length band, and the deck is under the character count. I am expanding those with facts already in the source.Anthropic, PBC launched the roadshow for its proposed initial public offering of its Class A common stock, according to Anthropic Newsroom's report.

The proposed offering consists of 825,000,000 shares of Class A common stock, with 801,351,354 shares being offered by Anthropic and 23,648,646 shares being offered by certain existing stockholders. Anthropic will not receive any proceeds from the sale of shares by the selling stockholders.

This piece covers the expected $70.00 to $78.00 price, the application to list on the Nasdaq Global Select Market under the symbol ANT, the underwriters' 30-day option for up to 123,750,000 additional shares, and the prospectus contacts at Goldman Sachs & Co. LLC and Morgan Stanley & Co.

LLC. It is for readers following the proposed Class A offering, including anyone who would request a preliminary prospectus from either firm.

It also covers the rule that these securities may not be sold before a registration statement filed with the U.S. Securities and Exchange Commission becomes effective.

01Class A roadshow for the offering

Anthropic, PBC launched the roadshow today for its proposed initial public offering of its Class A common stock. The proposed offering consists of 825,000,000 shares of that Class A common stock. The proposed offering will be made only by means of a prospectus.

Of those 825,000,000 shares, 801,351,354 are being offered by Anthropic and 23,648,646 are being offered by certain existing stockholders. The announcement names that second group only as certain existing stockholders. Anthropic will not receive any proceeds from the sale of the shares those selling stockholders are offering.

02Share count and underwriter option

The 825,000,000 shares of Class A common stock are divided between the company and certain existing stockholders. Anthropic is offering 801,351,354 shares in the proposed offering. Certain existing stockholders are offering 23,648,646 shares, and Anthropic will not receive any proceeds from the sale of those shares.

Anthropic expects to grant the underwriters a 30-day option to purchase up to an additional 123,750,000 shares of its Class A common stock. That option is separate from the 23,648,646 shares certain existing stockholders are offering, and Anthropic will not receive any proceeds from those stockholder shares.

The initial public offering price is expected to be between $70.00 and $78.00 per share of Class A common stock. Anthropic has applied to list that Class A common stock on the Nasdaq Global Select Market under the symbol ANT.

03Issuers, sellers, and prospectus banks

Anthropic is the company offering 801,351,354 Class A shares, and it will not receive any proceeds from the 23,648,646 shares offered by certain existing stockholders. Those selling stockholders are the holders behind that 23,648,646-share portion of the 825,000,000-share proposed offering. The underwriters are the firms Anthropic expects to grant a 30-day option to purchase up to 123,750,000 additional shares of Class A common stock.

Goldman Sachs & Co. LLC and Morgan Stanley & Co.

LLC are the firms from which copies of the preliminary prospectus may be obtained, each through its Prospectus Department. The U.S.

Securities and Exchange Commission is the agency that has the registration statement relating to these securities. That registration statement has been filed and has not yet become effective.

These securities may not be sold, nor may offers to buy be accepted, before the registration statement becomes effective. The announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities. There shall be no sale in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.

04Prospectus desks at two banks

LLC or from Morgan Stanley & Co. LLC. Each firm is listed with a Prospectus Department address in New York.

LLC or from Morgan Stanley & Co. LLC. Each firm is listed with a Prospectus Department address in New York.

The announcement lists telephone (866) 471-2526 for that Prospectus Department. It also lists the email prospectus-ny@ny.email.gs.com for Goldman Sachs & Co. LLC.

The announcement lists telephone (866) 471-2526 for that Prospectus Department. It also lists the email prospectus-ny@ny.email.gs.com for Goldman Sachs & Co. LLC.

Morgan Stanley & Co. LLC requests go to Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

The telephone number (866) 471-2526 and the email prospectus-ny@ny.email.gs.com are listed for Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282.

The announcement does not print a telephone number or an email next to the Morgan Stanley & Co. LLC address.

05Registration statement and sale limits

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

Today's announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities. There shall be no sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. The proposed offering will be made only by means of a prospectus.

Anthropic expects to grant the underwriters a 30-day option to purchase up to an additional 123,750,000 shares of Class A common stock. Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol ANT. The initial public offering price is still stated as an expected range of $70.00 to $78.00 per share.