Anthropic Launches IPO at $1.4 Trillion Valuation
Anthropic confirmed its IPO with a price range of $70 to $78 per share, targeting a valuation of roughly $1.4 trillion, below earlier expectations of up to $2 trillion. The stock is set to list on Nasdaq under the symbol ANT, with trading expected to begin as early as next week, making it one of the largest AI listings to date.
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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.”
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.”