Anthropic sets IPO price range, targeting up to $1.4 trillion valuation

· Tech · United States

Anthropic, the company behind the Claude chatbot, set an IPO price range of $70 to $78 a share, offering 825 million shares in a listing that could value it at about $1.4 trillion and start trading on Nov. 19, according to sources and the company's filings. The target is below the roughly $2 trillion that had been reported before investors began questioning the durability of the AI boom. The company lodged an Australian prospectus allowing retail investors there to buy shares, and has budgeted $41.5 million in legal fees for the listing. Anthropic was founded in late 2020 by senior OpenAI employees who left over concerns about prioritising ethics and safety. It would be the first frontier AI lab to go public.

Why it matters：The listing will be the first market test of whether public investors value a frontier AI lab at trillion-dollar scale amid doubts about the AI trade.

Key points

  • Price range of $70 to $78 per share for 825 million shares.
  • Trading expected to start Nov. 19; Australian retail investors can subscribe.
  • Valuation target is below earlier reports of about $2 trillion.

Sources (original reporting)

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