Anthropic targets $1.02 trillion valuation for its listing
By the AFREEQUE newsroom, based on Business Day (South Africa)
The artificial intelligence company is targeting a valuation of up to $1.02 trillion for its US stock market listing, far below the $1.5 trillion previously mentioned. It hopes to raise $64.4 billion by selling 825 million shares, according to Reuters.
The US artificial intelligence company Anthropic, creator of the Claude model, is targeting a valuation of up to $1,020 billion at its US stock market listing, according to its filing submitted on Tuesday. It intends to raise $64.4 billion by selling 825 million shares, within a price range of $70 to $78 per share.
This amount is markedly lower than the $1,500 billion previously mentioned, and the $2,000 billion envisaged earlier this year for a listing in October. Some potential investors doubt the valuation, given the company’s infrastructure commitments and the recent volatility of AI-related stocks. The Nasdaq recorded its sharpest one-day fall in nineteen months on Thursday, over fears of tighter regulation of the sector.
Anthropic will also raise $26 billion through a private placement with anchor investors, including Alphabet (Google), Nvidia and Advanced Micro Devices, according to emails seen by Reuters. Details of the transaction, briefly sent to investment banks, were withdrawn late on Monday.
