Anthropic has set the terms for what could be the largest stock market debut on record, a day after pricing details sent to bankers were retracted as inaccurate. The corrected range is smaller than the figures that briefly circulated on Monday.

Anthropic recently circulated a securities filing proposing to sell about 867 million shares at $70 to $80 each, raising up to $69.3 billion. A second email then said the pricing information was incorrect and that an updated filing would follow. Anthropic did not say which figures were wrong and declined to comment, CityAM reported. Bloomberg, quoted by Forbes, called the error a “brief clerical misstep.”

The corrected filing, as reported by Forbes citing Reuters, Bloomberg and CNBC, offers 825 million Class A shares at $70 to $78. About 801.4 million come from Anthropic and 23.6 million from existing stockholders. The base deal is worth $57.8 billion to $64.4 billion, with underwriters holding an option on 123.75 million more shares. A separate $26 billion private placement with AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC would take the total to as much as $90.4 billion, according to Bloomberg. At the top of the range, the corrected base raise is about $4.9 billion below the figure that was retracted.

The valuation depends on how shares are counted. The filing states no valuation of its own, according to Forbes. The Wall Street Journal and the Associated Press put the implied value at about $1.3 trillion on a fully diluted basis; Reuters calculated up to $1.02 trillion using shares outstanding only; and some outlets reached $1.4 trillion. That compares with talk of $1.5 trillion to $2 trillion earlier, and a $965 billion private round in May. Lawrence Mills, an analyst at Trade Nation, told CityAM that “the $1.5 trillion valuation seems toppy and maybe needs to be adjusted lower to attract potential investors.” Morningstar estimates fair value at about $1.7 trillion, within a range of $500 billion to $3 trillion.

The reported timetable has a livestream with chief executive Dario Amodei and JPMorgan’s Jamie Dimon on Friday, November 13, pricing on Wednesday, November 18, and Nasdaq trading under the ticker ANT on Thursday, November 19, according to Forbes citing CNBC. The Wall Street Journal reported that trading could begin on November 19 or 20, and CNBC reported that about 20% of shares would be set aside for retail investors.

The financial backdrop is mixed. Anthropic reported almost $17 billion in revenue for the September quarter, but sequential growth slowed and it returned to an operating loss, CityAM reported, and it has disclosed nearly $900 billion in future computing commitments. Last week’s technology sell-off wiped about $2.5 trillion from the Nasdaq, according to the same report.

The terms may still change before pricing. Several figures come from outlets citing unnamed sources and varying share counts, and Anthropic has not commented on them. This article is for information only and is not investment advice.