Anthropic targets IPO with valuation of up to $1,3 trillion

Edited by: Svitlana Velhush

Anthropic has filed an updated IPO application, planning to offer 825 million shares at a price of $70 to $78 apiece. This implies a company valuation ranging from $1,26 trillion to $1,41 trillion, with a target value of around $1,33 trillion.

In the middle of the range, the offering could raise more than $61 billion. The company will also attract an additional $26 billion from major investors, including Alphabet (Google) and AMD.

Anthropic's IPO is seen as an important test of Wall Street's attitude toward the AI sector amid recent market fluctuations. The target valuation turned out to be lower than previous expectations — figures of up to $2 trillion were discussed earlier, and a week ago investors were ориентировались on roughly $1,5 trillion.

The shares are planned to begin trading on Nasdaq under the ticker ANT around 19 November. Meetings with potential investors are already underway this week.

How will the markets react to such a large-scale debut amid uncertainty surrounding the AI boom?

Anthropic previously reached a valuation of $965 billion in a funding round in May. Now the company is entering the public market with more conservative benchmarks, but still with enormous ambitions.

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  • Anthropic to Seek $1.3 Trillion Valuation in IPO

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