Summary

With a valuation that could reach $1.4 trillion, Anthropic’s initial public stock offering will represent an incredible, nearly unprecedented feat—and a disappointment. The five-year old AI company expects to price its shares somewhere between $70 and $78 apiece on Nov. 18, and begin trading on the Nasdaq the following day under the ANT ticker. That price range, which translates to a valuation between $1.26 billion and $1.41 trillion, is significantly lower than the roughly $2 trillion projection that bullish investors and analysts were throwing around over the summer.

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