Anthropic targets up to $1.4 trillion valuation in IPO

Briefing by News4U · First published

Anthropic plans to raise up to $64.4 billion by selling 825 million shares at $70–$78 each, targeting a valuation of up to $1.4 trillion in its US IPO, according to its filing. The company will also raise $26 billion via a private placement with investors including Google, Nvidia and AMD, bringing total proceeds to $90.4 billion. Anthropic reported third-quarter revenue of $16.96 billion, up 47% from the prior quarter, while its net loss narrowed. The shares are expected to trade on Nasdaq under the ticker "ANT". [1] [2] [3]

Sources

  1. Anthropic to Seek $1.3 Trillion Valuation in IPO

    WSJ Markets · · Summary only

  2. Anthropic Targets Valuation of Up to $1.4 Trillion for Blockbuster I.P.O.

    NY Times · · Summary only

  3. Anthropic sets modest $1 trillion IPO valuation target

    RTÉ Business · · Full text

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