Anthropic targets valuation of up to $1.4tn in stock market flotation
Summary
Anthropic is seeking a valuation of up to $1.4 trillion in its planned stock market flotation, below the $2 trillion target previously reported. The company plans to raise up to $64.4 billion through the share sale and another $26 billion in a private placement, while reporting annual revenue of $81 billion as of October 31.Key Facts
- Anthropic plans to offer 825 million shares at up to $78 each.
- The share sale could raise up to $64.4 billion and value Anthropic at up to $1.4 trillion.
- Alphabet and Nvidia are among the investors expected to participate in a separate $26 billion private placement.
- Trading in Anthropic shares could begin as soon as next week, according to the article.
- The article links investor concerns about AI infrastructure spending and the results of U.S. midterm elections to the lower valuation target.
- Anthropic reported annual revenue running at $81 billion as of October 31, up $10 billion from the previous month.
- The article identifies SpaceX as the largest stock market listing, at a valuation of $1.78 trillion when it joined the U.S. stock market.
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