Anthropic Sticks With Late-November IPO as Valuation Range Filing Nears
Summary
Anthropic is pressing ahead with its IPO despite the AI selloff, lining up investor meetings this week and aiming for shares to start trading Thursday or Friday next week on the Nasdaq under ANT. The key number lands early this week: a filing expected to set the valuation range and share count. A week ago investors anticipated roughly $1.5 trillion, but after Thursday's steep AI selloff some major backers are pushing for a lower figure, and the company will almost certainly have to accept far less than the roughly $2 trillion floated months ago. The stakes are high on both sides — price too high and demand suffers, too low and the company and its Goldman Sachs and Morgan Stanley bankers get accused of leaving money on the table. Anthropic could still delay, though that risks spooking a market already rattled by the $2.5 trillion Nasdaq value wipeout after the midterms swept AI skeptics into power. OpenAI's latest round came in at less than half its target at a $1.25 trillion valuation, a cautionary benchmark for demand.
This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.