Claude Chatbot developer Anthropic Launches its initial public offering (IPO) to Australian retail investors on Wednesday, allowing individual investors to get the opportunity to purchase shares before the company plans to list on NASDAQ.

According to the schedule published by the underwriting broker Stake, this offering will open at 10 a.m. on Wednesday, Eastern Australian Summer Time, and is expected to close at 5 p.m. on November 17th.

Anthropic aims to raise up to $64.4 billion through this IPO, with an additional private placement of $26 billion, bringing the total fundraising amount to a maximum of $90.4 billion. The stock pricing is expected to be between $70 and $78 per share.

Anthropic stated on its website that the Australian retail offering is expected to consist of newly issued Class A ordinary shares, and the relevant prospectus will be submitted to the Australian Securities and Investments Commission.

The participating brokers include CommSec under the Commonwealth Bank of Australia as the leading broker, as well as Bell Potter, LGT Wealth, Macquarie Group, Morgans, Morgan Stanley Wealth Management, Sharesies, and Stake.

Anthropic indicates that the prospectus will be available on its IPO website after the retail offering in Australia is opened to the public. Investors are required to review this document and submit applications through their participating brokers in accordance with the offering terms.

Australia is one of the few markets outside of the United States that allow retail investors to directly purchase shares of the company, with others including Japan, Canada, and parts of Europe.

This AI startup, headquartered in San Francisco, has applied to list its Class A common stocks on the NASDAQ Global Select Market, with the stock code “ANT”. Anthropic indicates that there are no plans to seek listing on the Australian Securities Exchange.

AI Review Heats Up

This issuance comes at a time when Australia is preparing to strengthen its regulation of the AI company. Previously, an agent of OpenAI accessed the medical statistics website of the country's national healthcare program Medicare without authorization.

Australian Prime Minister Anthony Albanese stated on Tuesday that the government will introduce a mandatory reporting system for certain incidents related to AI, and will establish a AI safety regulatory agency with the authority to enforce penalties.

Albanese told Reuters: "The law needs to be ahead of this rapidly changing world, and in some cases, it also needs to ensure that it can keep up."

The government is also considering amending the criminal law to deal with cases involving serious misconduct.

Australia also rejected a copyright law exemption scheme. This scheme would have allowed AI companies to train models using Australian content without obtaining permission.

OpenAI and Anthropic stated last month to the Australian Parliament that they would support mandatory reporting of data breaches involving their AI agents, and acknowledged that current disclosures are still voluntary.