Regulation· ★★★· neutral·

Anthropic S-1 leaves IPO valuation blank; Series H implies ~$58.90 a share

  • —S-1 filed Oct. 26 omits both the price range and share count
  • —Series H: 110.7M preferred shares at $589.0095, raising $65.2B
  • —A 10-for-1 split on Sept. 17 puts the implied price near $58.90
  • —Reuters and IFR report IPO valuation talks of $1.5–2 trillion, unconfirmed
Why it matters: The Series H price is the only confirmed benchmark; the official range should come in an amended S-1, possibly the week of Nov. 9.
Source: Invezz