Anthropic has set a price range of $70 to $78 per share for its IPO, according to an updated filing made Tuesday, putting the AI company’s potential valuation at as much as $1.4 trillion on a fully diluted basis.
\n\nCNBC reports that the company plans to offer 825 million shares. At the top of its range, it could net up to $64.35 billion in proceeds. Sources told CNBC that Anthropic plans to price the offering on November 18 and begin trading November 19 on Nasdaq under the ticker “ANT.”
\n\nThe new valuation is a jump from the $965 billion figure Anthropic carried after a funding round announced in May. But it falls well short of where the company once hoped to land. Anthropic had been eyeing a $2 trillion valuation until recently, and shareholders told CNBC that even $1.5 trillion is now in doubt. “Stretch,” is how one investor described that target, according to CNBC’s reporting last week, which also found some Anthropic investors bracing for a lower valuation than previously expected.
\n\nThe IPO arrives as public markets turn more cautious on AI investments, with concern that rising interest rates could make debt tied to AI infrastructure harder to carry.
Original source: https://www.breitbart.com/economy/
