Anthropic plans to sell shares worth $3.5 billion to Japanese investors in its IPO.

TechFlow reports on Nov. 2 that filings show AI company Anthropic will sell shares worth up to 552.9 billion yen (approximately $3.5 billion) to Japanese investors as part of its U.S. listing process. According to the filing, funds raised from issuing new shares to Japanese investors will be used to supplement working capital, as well as to pay operating expenses and capital expenditures. The filing did not disclose the size or valuation of this IPO. Reuters previously reported that some investors discussed an Anthropic valuation of approximately $1.5 trillion. (Jin10)