Archive · Business Recorder
Anthropic targets $1 trillion IPO valuation in test of Wall Street's AI fervor
Anthropic’s IPO is set to raise as much as $64.4 billion, a regulatory filing showed on Tuesday, in a landmark test of whether Wall Street’s faith in the AI boom outweighs concerns over its risks. The company is targeting a valuation of up to $1.02 trillion, according to Reuters calculations based on the outstanding shares listed in the filing. Reuters exclusively reported on Tuesday that Anthropic and some of its investors plan to sell shares in an indicative price band of between $70 and $78 per share. The company is launching the roadshow for a historic share sale that is expected to set a ...
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