The short version
● What happened Nvidia is putting $10B into Anthropic's $26B private placement.
● Total raise Up to $64.3B from the IPO plus $26B placement.
● Who else AMD, Broadcom, Google, Micron, Microsoft and TSMC.
● Demand The book is reported at roughly 6x oversubscribed.
Nvidia plans to commit $10 billion to the $26 billion private placement running alongside Anthropic's IPO, making it the largest single name in a seven-company group. The placement buys Class N common stock at the IPO price, and closes immediately after the offering rather than on the open market.
The other six are AMD, Broadcom, Google, Micron, Microsoft and TSMC. Every one of them sells into or buys from the same compute supply chain Anthropic depends on, which makes this less a financial placement than a set of supplier and partner commitments priced at the IPO. Class N shares generally carry no voting rights, so none of the seven gains board influence from the purchase.
Anthropic is offering 825 million Class A shares at $70 to $78, which raises up to roughly $64.3 billion and values the company near $1.4 trillion fully diluted. Reporting puts demand at about 6x the book. Shares are expected to list on Nasdaq under ANT. Pricing detail is in our IPO price range breakdown, and Claude is listed in the directory.
FAQ
How much is Nvidia investing in Anthropic?
$10 billion, as part of the $26 billion private placement that runs alongside the IPO.
Who are the seven backers?
AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC.
Do the backers get voting control?
No. The placement is Class N common stock, which generally carries no voting rights.
When does Anthropic start trading?
The roadshow launched 10 November and trading is expected to begin around 19 November, subject to the board's pricing decision.