Google Plans to Invest $10 Billion Alongside Anthropic IPO

According to TechFlow, on November 10, The Defiant reported that Google has agreed to invest $10 billion during Anthropic's initial public offering (IPO), with the transaction conditioned on completion of the IPO.

According to the stock purchase agreement filed with the U.S. Securities and Exchange Commission, Google will purchase Anthropic Class N common stock at the public offering price per share and will pay by wire transfer immediately upon completion of the IPO. If ownership caps limit the size of the share purchase, the remaining investment will be provided through rollover notes.

This investment exercises the IPO investment option under the parties' existing agreement. Anthropic has launched its IPO roadshow and plans to offer 825 million Class A shares at $70 to $78 per share.

Source: TechFlow