Anthropic IPO sprint: Roadshow planned for the 10th, CEO live stream on the 13th, $69.3 billion fundraising filing withdrawn right after exposure

Beating AI News Flash: Anthropic's IPO has entered its final sprint. The company is expected to officially launch its roadshow as early as November 10 U.S. time to pitch shares to investors, aiming to complete pricing before Thanksgiving on November 26 and list on Nasdaq under the ticker ANT.

Anthropic also plans to hold an IPO livestream at noon New York time this Friday (the 13th). CEO Dario Amodei will hold a conversation with JPMorgan CEO Jamie Dimon to build momentum for the listing. JPMorgan is one of the 22 banks participating in the IPO, responsible for U.S. retail sales and allocation. Anthropic is considering allocating 15% to 20% of the offered shares to retail investors. The livestream format is similar to the event Musk held in June this year for SpaceX's IPO, but on a smaller scale.

Meanwhile, Anthropic's prospectus filing hit a snag. A copy of the document obtained by Reuters showed that the company originally planned to issue approximately 867 million shares, priced at $70 to $80 per share, corresponding to a fundraising scale of approximately $60.7 billion to $69.3 billion. But Anthropic subsequently sent an email to underwriting banks saying the pricing information was inaccurate and promised to provide an updated version.

Previously, Anthropic hoped to raise an amount reaching or exceeding the $86.2 billion IPO record set by SpaceX this year. But after the recent selloff in AI tech stocks, investors have begun to reassess its value. Potential investors are currently discussing a valuation of approximately $1.1 trillion to $1.3 trillion, below the earlier expectation of as much as $2 trillion.