Artificial Intelligence1 min read

Anthropic targets $1.4 trillion IPO

By · Via The Verge · Published by Everything Blog

In short

Anthropic confirmed it expects to price its initial public offering between $70.00 and $78.00 per share. Trading is scheduled to commence on either Thursday or Friday of next week on the Nasdaq Global Select Market. The $1.4 trillion market valuation exceeds competitor OpenAI's $1.25 trillion valuation recorded last week, even though it lands below earlier $2 trillion projections. The company will issue its Class A common stock under the symbol "ANT."

Key points

  • The planned initial public offering will rank the organization among the most valuable pu…: The planned initial public offering will rank the organization among the most valuable publicly traded firms globally.
  • Earlier estimates for the company's valuation had climbed as high as $2 trillion before s…: Earlier estimates for the company's valuation had climbed as high as $2 trillion before settling at the current target.
  • Investors will be able to trade the company's Class A common stock under the assigned tic…: Investors will be able to trade the company's Class A common stock under the assigned ticker symbol ANT.

Sources checked by our analysis pipeline: 1

Anthropic confirmed on Tuesday that its IPO could be one of the biggest ever, even while falling short of previous expectations. Its IPO price is expected to be between $70.00 and $78.00 per share and according to the Wall Street Journal’s sources, Anthropic is “aiming for its shares to start trading Thursday or Friday next week.”

Anthropic targets $1.4 trillion IPO

Anthropic’s public offering is expected to make it one of the world’s most valuable publicly traded companies as soon as next week.

Anthropic’s public offering is expected to make it one of the world’s most valuable publicly traded companies as soon as next week.

As Reuters notes, the Anthropic IPO was previously expected to be valued at as much as $2 trillion. As of last week, Anthropic’s rival OpenAI was valued at $1.25 trillion.

The initial public offering price is expected to be between $70.00 and $78.00 per share. Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol “ANT.”

Artificial Intelligence