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
- Anthropic to Seek $1.3 Trillion Valuation in IPO
WSJ Markets · · Summary only
- Anthropic Targets Valuation of Up to $1.4 Trillion for Blockbuster I.P.O.
NY Times · · Summary only
- Anthropic sets modest $1 trillion IPO valuation target
RTÉ Business · · Full text