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FROM SRN NEWS

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

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TOKYO, Nov 2 (Reuters) – 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

($1 = 157.8200 yen)

(Reporting by Anton Bridge)

Brought to you by www.srnnews.com

SRN News — View the original story at SRNNews.com.

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