Anthropic targets November IPO at $1.8 trillion to $2 trillion valuation
Anthropic PBC, the artificial intelligence company behind the Claude chatbot, is reportedly seeking to launch its initial public offering as early as mid-November at a valuation of between $1.8 trillion and $2 trillion. The post Anthropic targets November IPO at $1.8 trillion to $2 trillion valuation appeared first on Nairametrics .
Anthropic, the artificial intelligence firm behind the Claude chatbot, is reportedly planning to launch its IPO in November at a valuation between $1.8 trillion and $2 trillion, according to Bloomberg. The company has shifted its IPO timeline and faces competition from OpenAI, both leading US AI companies seeking public listings.
Anthropic could begin marketing its IPO around November 9, potentially allowing trading to commence before the Thanksgiving holiday on November 26. The company submitted paperwork to the US Securities and Exchange Commission for an IPO on June 1, becoming the first major generative AI firm to start the process. Despite recent delays in other planned IPOs due to weak investor demand and uneven post-listing performance, Anthropic aims to enter this competitive market.
The AI rivalry between Anthropic and OpenAI, along with the challenging landscape for major public offerings, places the Claude developer at the forefront of these developments.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Sources: Anthropic could start formal marketing for its IPO as soon as the week of November 9, putting it in line to begin trading before Thanksgiving (Bailey Lipschultz/Bloomberg) bloomberg.com
- Sources: Anthropic has taken the unusual step of ending customers' discounts, which typically reach ~15%, once they hit the usage limits, forcing renegotiations (Kevin McLaughlin/The Information) theinformation.com
