Anthropic Trims IPO Size by 7% as Cramer Calls Deal Shaky

At a glance

Anthropic, maker of Claude, plans to raise up to $64.4 billion from its stock market listing. That is about $4.9 billion less than in its first filing, which was withdrawn within hours after it was found to contain errors.

Key points

1. 1

   The first filing offered about 867 million shares at $70 to $80 each.

2. 2

   A new draft offers about 825 million shares at $70 to $78 each, with the low price unchanged and the high price lowered.

3. 3

   Anthropic's outside legal team reportedly told the banks that some details were wrong.

4. 4

   Nvidia, Google, Microsoft and four other tech giants agreed to buy $26 billion of shares at the public offering price.

Why it matters

If the size of a major AI company's listing shrinks, investor confidence in the wider AI market could weaken too.