Anthropic targets $1.4 trillion IPO

The Verge
Anthropic confirmed an IPO priced at $70 to $78 per share, targeting a valuation near $1.4 trillion.

Summary

Anthropic confirmed on Tuesday that its initial public offering could be one of the largest ever, though it falls short of earlier expectations. The company expects to price shares between $70.00 and $78.00 and aims to begin trading on the Nasdaq Global Select Market under the symbol "ANT" as soon as Thursday or Friday of next week. The IPO was previously expected to value Anthropic at as much as $2 trillion; for comparison, rival OpenAI was valued at $1.25 trillion as of last week. The offering is expected to make Anthropic one of the world's most valuable publicly traded companies.

(Source:The Verge)