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HSBC's Max Kettner says Anthropic IPO may matter more than US midterms

NewsFeeds update

Investors are said to be discussing an Anthropic IPO valuation of $1.2tn to $1.3tn. HSBC strategist Max Kettner, who cut his equity rating to neutral two weeks before Thursday's US selloff, said an Anthropic listing could affect markets more than the midterm elections and that the AI trade's basic logic still holds.

AIPANewsAINeutral

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The story so far: Anthropic IPO filing

Anthropic filed for a Nasdaq IPO under ticker ANT, aiming to list as soon as mid-November at a valuation of about $1.5tn, with Q3 revenue up nearly 50% to about $17bn. Its updated prospectus adds Q3 financials and discloses commitments to spend up to $895bn on data centres through 2045.

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  1. HSBC's Max Kettner says Anthropic IPO may matter more than US midterms

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