Source The Guardian · Published · Open the original ↗
Markets
Anthropic targets valuation of up to $1.4tn in stock market flotation
Claude chatbot developer had been reported to be aiming for $2tn IPO on Wall Street before investors cooled on AI
Anthropic is seeking a valuation of up to $1.4tn (£1.1tn) in its imminent stock market flotation , short of the $2tn that had been expected before investors started to question the durability of the AI boom.
The developer of the Claude chatbot was widely reported to be targeting a $2tn initial public offering on Wall Street but its sights have been set lower, according to a US regulatory filing on Tuesday.
Anthropic is aiming to raise up to $64.4bn by selling 825m shares in the IPO priced up to $78 a share. The California-based company will also raise a further $26bn via a separate private placement deal with cornerstone investors including the Google parent, Alphabet, and the chipmaker Nvidia.
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