# Anthropic reportedly aims to raise up to $100 billion in IPO, Broadcom to loan up to $42 billion

Digest AI · Business & Funding · published 2026-10-05T11:47:00Z

Canonical: https://digestai.news/story/anthropic-reportedly-aims-to-raise-up-to-100-billion-in-ipo-broadcom-t

## Summary

Anthropic confidentially filed for an IPO in June and is reportedly targeting a raise of up to $100 billion, which would surpass SpaceX's $86 billion record. Reuters reported on October 1 that Anthropic's filing shows Broadcom agreed to loan up to $42 billion via convertible notes to help fund a $125.2 billion, five-year commitment to lease TPU computing capacity. Broadcom CEO Hock Tan said on a September 2 earnings call that Anthropic is deploying 1 gigawatt of TPU capacity this year, with plans for 5 gigawatts in 2027 and a path to 10 gigawatts in 2028, making it Broadcom's largest XPU customer. Broadcom's AI semiconductor revenue grew 221% year over year to $16.7 billion in fiscal Q3 2026, with management forecasting $21.7 billion in Q4 and about $115 billion for fiscal 2027. Broadcom is financing the deal partly through outside debt; Bloomberg reported on October 2 that banks are raising around $60 billion for AI chips for Anthropic and others. Anthropic's filing flags potential conflicts of interest in Broadcom's dual role as supplier and financier. The convertible notes could turn into Anthropic shares, but the company reportedly does not expect any to be sold before the IPO.

## Key points

- Anthropic filed confidentially for IPO in June, reportedly targeting up to $100 billion raise
- Broadcom agreed to loan up to $42 billion via convertible notes for Anthropic's TPU lease commitment
- Broadcom CEO says Anthropic to become largest XPU customer in 2027 with 5 gigawatts deployed

## Why it matters

Anthropic's potential record IPO and massive compute commitments signal surging AI infrastructure spending, directly boosting custom chip makers like Broadcom and highlighting concentration risk among a few large labs.

## Sources

1. [Anthropic Is Aiming for the Biggest IPO Ever -- Here's the Chip Stock to Buy Before It Lists](https://fool.com/investing/2026/10/06/anthropic-is-aiming-for-the-biggest-ipo-ever-here-s-the-chip-stock-to-buy-before-it-lists) (fool.com, 2026-10-05)

Part of the developing story: [AI Chip Race Foundry Lithography Global Tensions](https://digestai.news/thread/tsmc-manufactures-nvidia-and-apples-ai-chips-via-foundry-model) (3 stories)

## Cite

Digest AI, "Anthropic reportedly aims to raise up to $100 billion in IPO, Broadcom to loan up to $42 billion", 5 October 2026, https://digestai.news/story/anthropic-reportedly-aims-to-raise-up-to-100-billion-in-ipo-broadcom-t

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