Anthropic targets valuation of up to $1.4 trillion for blockbuster IPO
Anthropic, the 5-year-old AI company, has set a price range for its initial public offering, valuing the firm at over $1 trillion. The share price range, between $70 and $78, would make Anthropic's worth $1.26 trillion to $1.41 trillion. This is a significant valuation for a company that has yet to turn a profit. Major tech companies such as Google, Nvidia, and Microsoft have pledged to invest $26 billion in Anthropic's offering, which could raise up to $100 billion, making it the largest IPO in history.
The company is seeking to attract both institutional and individual investors, with the latter making up about 22.5% of SpaceX's IPO. Despite market concerns, Anthropic's executives believe the company's unique role in AI and its size may help it navigate any market jitters.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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