Anthropic Plans to Sell $3.5 Billion in Shares to Japanese Investors in IPO

Anthropic plans to sell shares worth up to 552.9 billion yen ($3.5 billion) to Japanese investors in its U.S. IPO, according to documents. According to Odaily, proceeds from the new share issuance would be used for working capital, operating expenses and capital expenditures. The documents did not disclose the IPO’s size or valuation. Reuters previously reported that some investors had discussed a valuation of about $1.5 trillion for Anthropic.