Anthropic Seeks $1.3 Trillion Valuation in Blockbuster IPO as Claude Maker Heads to Nasdaq
Image: The Anthropic logo via Wikimedia Commons (public domain). Anthropic, the artificial intelligence company behind the Claude chatbot, is seeking a valuation of about $1.3 trillion in its initial public offering, in what would be one of the largest stock market debuts in history. Key facts Anthropic said in a filing on Tuesday that it plans to sell 825 million shares at $70 to $78 each, according to the Wall Street Journal and CNN. At the midpoint of that range, the offering would raise more than $61 billion and value the company at about $1.33 trillion. At the top of the range, it would raise $64.4 billion and be valued at $1.4 trillion. The company also plans to raise an additional $26 billion from big investors including Alphabet's Google and Advanced Micro Devices. Shares are expected to begin trading on the Nasdaq under the ticker "ANT" next week. The targeted valuation is far below the roughly $2 trillion figure that had been discussed months ago. Bac...