From CNBC · Ashley Capoot,Leslie Picker · · 1m 30s
Anthropic sets IPO price range of $70 to $78, looks to trade Nov. 19
Anthropic plans to offer 825 million shares in an upcoming initial public offering targeting a valuation up to $1.405 trillion.
In brief
Anthropic plans to offer 825 million shares in an upcoming initial public offering targeting a valuation up to $1.405 trillion. Anthropic set its IPO price range between $70 and $78 per share, targeting a valuation up to $1.405 trillion. Originally reported by CNBC.
Anthropic sets price range
Artificial intelligence lab Anthropic set its initial public offering price range between $70 and $78 per share.
Trading set for November
Anthropic plans to trade November 19 on Nasdaq, offering roughly 20 percent of shares to retail investors.
Potential trillion dollar valuation
At the top price range, Anthropic could raise $64.35 billion and reach a $1.405 trillion valuation.
Tech giants buy shares
Tech companies including Google, Microsoft, and Nvidia agreed to buy $26 billion of Anthropic private placement stock.
Market and political headwinds
Recent congressional midterm elections and rising interest rates created public market skepticism around high debt for AI infrastructure.
Demand beats previous records
Institutional demand for Anthropic is stronger than SpaceX, with book orders already fully covered within the price range.
AI models launched ahead
Chief executive Dario Amodei co-founded Anthropic in 2021, recently releasing new Claude Fable and Mythos 5.2 models.
Financial growth and vision
Nine month revenue reached $33.24 billion, as co-founders urged shareholders to help chart a safe AI future.
“Our aim is to help humankind chart a safe course through this technological evolution”
Here's the gist
Anthropic set its IPO price range between $70 and $78 per share, targeting a valuation up to $1.405 trillion.
