Anthropic eyes $1 trillion US valuation in hotly anticipated IPO that's a key test for AI market
Anthropic plans to raise as much as $64.4 billion US through its first public stock sale, according to a filing made on Tuesday. The sale will test whether Wall Street still believes in the AI boom, as concerns about its risks continue to grow.
Anthropic's stock sale could set a standard for the AI industry
Thomson Reuters
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Anthropic plans to raise as much as $64.4 billion US by selling shares to the public for the first time, according to a regulatory filing released on Tuesday. The sale will test Wall Street's confidence in the AI boom as worries about its risks grow.
Based on the number of shares listed in the filing, Reuters estimates that the company is aiming for a value of up to $1.02 trillion US.
Reuters reported exclusively on Tuesday that Anthropic and some of its investors plan to sell shares at an expected price of between $70 and $78 US each.
The company is beginning a series of meetings with potential investors ahead of the historic share sale. The sale is expected to set a standard for the AI industry. Years of excitement about AI have led to a huge amount of money being invested in AI companies.