Anthropic sets IPO range at $70–$78 as Alibaba, Bajaj and RWE deals advance

Anthropic, the maker of the Claude chatbot, announced an offering of 825 million shares at a price between $70 and $78 each. The range implies a valuation of about $1.4 trillion.

What happened

The Australian retail portion of the Anthropic offering opens on Wednesday and is scheduled to close on Nov. 17, according to participating broker Stake. The company has requested a Nasdaq Global Select Market listing for its Class A shares, with the proposed ticker ANT.

In Hong Kong, Alibaba said it had filed confidentially on Sept. 11 to list T-Head on the main board of the Hong Kong stock exchange. T-Head makes chips for data centers in China and is described as a rival to Nvidia chips.

In India, Bajaj Finance is preparing a share sale to raise about 117 billion rupees, a figure also reported as up to Rs 11,700 crore. The offering targets institutional investors, and its specifics are being finalized. A qualified institutions placement may take place soon after the investor roadshows.

In Europe, RWE and KKR finalized a $16 billion investment in UK renewable energy. Siemens Energy expanded its existing share buyback programme by up to €9 billion.

Why it matters

The Anthropic range puts a very large artificial intelligence company in front of public investors, with a retail tranche open to Australian buyers. Traders in perpetual futures are implying a first-day gain for the shares, according to market reports. The same instruments accurately predicted the pricing of the SpaceX listing.

The T-Head filing shows how Chinese technology groups are using Hong Kong to raise capital for chip businesses. Alibaba's statement makes public a step that had been taken confidentially more than two months earlier.

The Bajaj Finance plan, the RWE and KKR investment and the Siemens Energy buyback show activity across equity raising, infrastructure funding and capital return on the same day. For investors, these transactions give a view of how capital is being directed to technology, financial services and energy.

What to watch next

The Australian retail offering for Anthropic closes on Nov. 17. The final price within the $70 to $78 range and the first trading day on Nasdaq will be the next reference points for the offering.

For Bajaj Finance, the next step is the finalization of the offering terms and the launch of the placement after the roadshows. For T-Head, the Hong Kong exchange process continues after the confidential filing, and no listing date has been stated. Further details on the Siemens Energy buyback expansion are also pending.