Anthropic pushes ahead with November IPO despite investor pushback on $1.5T valuation
The Claude maker has investor meetings this week and is targeting trading on November 19th or 20th after buyers pushed back on a $1.5T valuation.
By Ryan Merket · Published
Primary source: wsj.com
Why it matters
Anthropic's debut will show what public investors will pay for frontier-model revenue growth when the same filing carries about $895.4 billion in compute and infrastructure commitments. The price could set a reference for OpenAI and other private AI companies whose valuations assume the public market will absorb enormous infrastructure spending.
Anthropic plans to proceed with its initial public offering later this month despite recent market volatility tied to artificial-intelligence investments, The Wall Street Journal reported on November 9th. The company has meetings lined up with key investors this week and is aiming for its shares to start trading on Thursday or Friday next week, according to people familiar with the matter cited by the Journal.…
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