Anthropic targets up to $64bn in Nasdaq IPO
AI firm Anthropic plans to raise as much as $64bn in an initial public offering on Nasdaq, pricing shares between $70 and $78.
Anthropic, the developer of the Claude chatbot, announced plans to raise up to $64bn (£48bn) through an initial public offering on the Nasdaq exchange. The company said it will price its shares between $70 and $78 each, a range that would value Anthropic at roughly $1.1 trillion to $1.3 trillion.
The valuation is lower than the $2 trillion estimate some analysts offered weeks earlier, but it comes as AI firms navigate a period of market uncertainty. Following the recent U.S. midterm elections, the Nasdaq experienced a decline amid concerns that a Democrat-led Congress could impose restrictions on AI development and data-centre expansion.
Fiona Cincotta, a senior market analyst at City Index, described the fundraising target as "fairly bullish" given the recent market volatility and expressed optimism about continued demand for AI technologies.
"It's showing that they are still sort of upbeat about the outlook as far as AI is concerned and that obviously that they think that the demand is going to be there," Cincotta told Reuters.