Anthropic is reportedly in talks with Nvidia to secure funding for its upcoming IPO, according to an exclusive report from Reuters. If the deal goes through, it’d make Anthropic’s IPO one of the largest stock market debuts ever.
Reuters report cites two people familiar with the discussions between the Claude maker and Nvidia, although they weren’t at liberty to speak publicly. According to Reuters, Anthropic is looking to raise as much as $100 billion in the offering, which would raise the company’s valuation to around $2 trillion.
That would put Anthropic in the same financial weight class as some of the world’s largest public companies, despite not yet being publicly traded itself. One source told Reuters that Nvidia is considering investing up to $10 billion as part of the deal, though the terms are still being worked out and could change.
Anthropic declined to comment on the discussions, and Nvidia did not respond to Reuters’ request for comment.
Known as anchor investing, lining up a major investor ahead of an IPO has become common practice for companies planning especially large listings. A well-known backer buying in early can reassure the broader market that the offering is a safe bet. Reuters noted that Nvidia and Amazon played similar roles in chip designer Arm’s IPO, while Saudi Arabia’s sovereign wealth fund did the same for SpaceX.
If it goes forward, Anthropic’s IPO would extend a wave of major stock listings this year, following Elon Musk’s SpaceX going public in June. Citing Dealogic data, Reuters reported that U.S. IPOs, excluding blank-check companies, had already raised a record $137 billion through the end of August.
Nvidia and Anthropic already have significant financial ties. Reuters reported that Nvidia agreed last November to invest up to $10 billion in Anthropic as part of a broader partnership under which Anthropic committed to spending $30 billion on Microsoft’s Azure cloud service, which runs on Nvidia chips.
A new investment tied to the IPO would further deepen that relationship.
Source: https://mashable.com/tech/nvidia-could-bankroll-anthropic-ipo
