By the AFREEQUE newsroom, based on France 24
Anthropic, the US company behind the Claude chatbot, plans to offer 825 million shares at a price of between $70 and $78 in its initial public offering. This would value it at around $1.4 trillion, according to France 24, as investors worry about the risks of the AI boom.
The artificial intelligence company Anthropic, creator of Claude, is targeting a valuation of up to 1.404 trillion dollars in its stock market flotation. It plans to sell 825 million Class A shares, for net proceeds of between 84.6 and 93.7 billion dollars, according to an updated IPO filing. The Nasdaq listing is expected around 19 November, according to Reuters.
🇺🇸 United States · Source: TechCrunch ·
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.
🇺🇸 United States · Source: Business Day (South Africa) ·
The IPO of Dangote Petroleum Refinery received around 5.85 trillion naira ($4.1 billion) in share applications, nearly three times the amount targeted. According to Bloomberg, citing sources close to the operation, this level of interest makes it one of the largest share fundraisings in Africa, although the amount actually raised will depend on the shares allocated.
🇳🇬 Nigeria · Source: Business Day Nigeria ·
Denmark is releasing 4.8 billion kroner, about 642 million euros, in military aid to Ukraine, Foreign Minister Lars Løkke Rasmussen announced, according to La Nouvelle Tribune. The package will mainly fund drones and ammunition for F-16s, and comes with 20 million euros for energy, notably in the Kherson region.
🇩🇰 Denmark · Source: La Nouvelle Tribune ·
G7: expert says Europe will maintain its support for UkraineJames Townsend, a senior adviser at the Atlantic Council, believes the G7 meeting in Paris signals to Moscow that European support for Ukraine will last, alongside the Abu Dhabi negotiations. According to him, the final communiqué will test what US Secretary of State Marco Rubio is willing to sign, France 24 reports.
Work begins in Sierra Leone to restore Bunce Island fortMinister of Tourism and Cultural Affairs Nabeela Farida Tunis has launched a state-funded project to restore and equip Bunce Island, a former slave fort. The work, led by the Monuments and Relics Commission, is meant to consolidate the site and develop it as a tourist destination, according to Sierra Loaded.The week in Africa
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