Business & Economy · 3 views
Anthropic sets a $1.4 trillion IPO target, but bankers may already be aiming higher
Good morning. Anthropic set a proposed IPO valuation of up to roughly $1.4 trillion, below earlier reported expectations, but strong investor demand may already be pushing it higher.
Summary
Good morning. Anthropic set a proposed IPO valuation of up to roughly $1.4 trillion, below earlier reported expectations, but strong investor demand may already be pushing it higher. In an amended SEC filing on Tuesday, the Claude maker said it plans to offer 825 million shares at between $70 and $78 apiece in its proposed initial public offering. At the top of that range, the shares would have a combined value of approximately $64.35 billion.
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