ANTHROPIC is seeking $3.0–3.5bn from Japanese investors, planning to sell 38.5m–50.0m shares at a reference price range of $70–78 per share, according to a filing with Japan’s Ministry of Finance. The company included Japan in its financing plan after launching its IPO roadshow; it has said total proceeds could top $3.5bn. ANTHROPIC’s broader IPO would offer up to $64.4bn of stock; the filing implies a valuation of roughly $1.0tn on listed shares and about $1.4tn on a fully diluted basis. The Ja

ANTHROPIC is seeking $3.0–3.5bn from Japanese investors, planning to sell 38.5m–50.0m shares at a reference price range of $70–78 per share, according to a filing with Japan’s Ministry of Finance. The company included Japan in its financing plan after launching its IPO roadshow; it has said total proceeds could top $3.5bn. ANTHROPIC’s broader IPO would offer up to $64.4bn of stock; the filing implies a valuation of roughly $1.0tn on listed shares and about $1.4tn on a fully diluted basis. The Japan tranche is an unlisted public offering aimed at domestic high-net-worth households and will help Mizuho Financial Group bolster its role as a lead coordinator on large transactions.