Anthropic reportedly plans to move forward with IPO plans
The AI company is expected to set its valuation range this week, the Wall Street Journal reported.
Even with Nasdaq’s recent sell-off and the recent controversy surrounding a major AI executive, Anthropic is moving forward with its plans to go public, according to The Wall Street Journal. The company aims to set a valuation range this week and commence trading on Thursday or Friday of the following week, the Journal reported.
Analysts will closely monitor Anthropic’s valuation to assess the health of the AI boom. Some institutional investors are now advocating for a valuation below the $1.5 trillion threshold previously considered, a level that was significantly lower than the $2 trillion estimate from a few months ago. OpenAI, Anthropic’s primary competitor, was rumored to be valued at $1.25 trillion last week following the ChatGPT developer’s fundraising of $11 billion, falling short of its initial target of $20 billion.
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