Anthropic cut the target size of its Japan share offering to $3 billion from $3.5 billion on November 10, days before its Nasdaq listing.
The original November 2 filing had targeted $3.5 billion from Japanese investors. By Nikkei Asia's calculation, that amount would have been the biggest share sale by any overseas company in Japan's history, topping the $2.2 billion SpaceX raised there in June.
Japanese regulators had earlier asked Anthropic and OpenAI to widen local access to their AI models, Nikkei Asia noted.
Shares are being sold to Japanese investors through local brokerages, including Mizuho Securities. The offering is part of Anthropic's broader Nasdaq listing under the ticker ANT: the company filed its Form S-1 with the U.S. Securities and Exchange Commission on October 26.
The same updated prospectus set a $70-to-$78 share price range for the stock, implying a valuation of up to $1.4 trillion and as much as $64.4 billion in proceeds at the top of the range.
Separately, the company is lining up $26 billion in a private placement with strategic backers such as Google and Nvidia, and plans to sell a total of 825 million shares of Class A stock.
Trading is expected to begin around November 19, and Nasdaq has not yet approved the listing, according to Nikkei Asia.
