1123 ET - Alphabet's Google and Nvidia are leading the $26 billion private placement that is concurrent with Anthropic's planned initial public offering. Google and Nvidia will each buy $10 billion worth of nonvoting Class N common stock. Advanced Micro Devices plans to invest $2.5 billion in the private placement, while Broadcom, Micron Technology and Microsoft will each plunk down $1 billion and Taiwan Semiconductor Manufacturing will invest $500 million. Anthropic says an IPO priced at the $74-a-share midpoint of expectations would bring in roughly $93.7 billion in net proceeds when including the private placement and the IPO's greenshoe.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments