Google plans to invest $10 billion concurrently with Anthropic's IPO.

On November 10, according to The Defiant, Google agreed to invest $10 billion during Anthropic’s initial public offering (IPO), with the transaction conditional on the closing of the IPO.

According to the stock purchase agreement filed with the U.S. Securities and Exchange Commission, Google will purchase Anthropic’s Class N common stock at the public offering price and make payment immediately via wire transfer upon the completion of the IPO. If ownership caps restrict the size of the share purchase, the remaining investment will be provided through rolled-over notes.

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