Anthropic (ANT) plans to raise $3 billion to $3.5 billion in the Japanese tranche of its initial public offering, Bloomberg reported Wednesday.

The AI startup plans to sell 38.5 million to 50 million shares to Japanese investors at $70 to $78 per share, Bloomberg reported, citing documents filed with Japan's finance ministry.

The company is seeking to raise up to $64.4 billion in the IPO, valuing it at about $1 trillion based on shares outstanding, or about $1.4 trillion fully diluted, according to the report.

The Japanese offering is structured as a public share sale without a domestic listing, giving investors in the country an opportunity to participate directly in the planned IPO, according to Bloomberg.

Anthropic did not immediately respond to MT Newswires' request for comment.

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