Anthropic is pressing ahead with its IPO despite a sharp sell-off in AI stocks, with some potential investors discussing a valuation of about $1.2tn-$1.3tn, down from a $1.5tn target a week earlier, and some considering as low as $1.1tn. Executives have met Goldman Sachs and Morgan Stanley bankers to finalise the range.
Anthropic pushes on with IPO as valuation talk falls to $1.1tn-$1.3tn
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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. Cornerstone investors including Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC will buy $26bn in a separate private placement; Anthropic now says annualised revenue reached about $81bn and it targets a valuation…
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Anthropic pushes on with IPO as valuation talk falls to $1.1tn-$1.3tn
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