Anthropic Moves Forward With IPO Despite Market Turbulence
Launching a major tech IPO might seem risky right now—coming shortly after one of Nasdaq's biggest sell-offs and amid revelations that a CEO central to the AI boom had an affair with a suspected Chinese spy. Nevertheless, Anthropic is pressing ahead with its listing plans, according to The Wall Street Journal.
Timeline and Valuation Range
Anthropic plans to set a valuation range this week and begin trading on Thursday or Friday of next week, the Journal reported.
Valuation Signals for the AI Boom
Investors will look to Anthropic's valuation as a gauge of the AI boom's strength. Some institutional investors are now pushing for a valuation below the $1.5 trillion target discussed as recently as last week—a figure that was itself considerably below the $2 trillion floated a few months ago, according to the report.
Competitive Context: OpenAI's Recent Raise
OpenAI, Anthropic's main rival, was reportedly valued at $1.25 trillion last week after the ChatGPT maker raised $11 billion in fresh capital—short of the $20 billion it had initially sought.
via TechCrunch AI