Anthropic reportedly moving ahead with IPO next week
Original title: Anthropic reportedly plans to move forward with IPO plans
Some investors want a valuation under $1.5 trillion, below earlier $2 trillion talk, the Journal reported.
Anthropic is proceeding with plans to go public despite a recent Nasdaq selloff, according to The Wall Street Journal. The company is expected to set a valuation range this week, with some institutional investors seeking a figure below recent internal targets. OpenAI, its main rival, was separately reported to have raised less new capital than it initially sought.
Unconfirmed: Listing timing and valuation targets come from The Wall Street Journal and are not confirmed by Anthropic in the article.
- The Journal says Anthropic will set a valuation range this week.
- Trading could start Thursday or Friday of next week.
- A $1.5 trillion target was discussed as recently as last week.
- A $2 trillion figure was floated a few months ago, the report said.
- OpenAI was reportedly valued at $1.25 trillion after raising $11 billion.
From the original article
1 min read at techcrunch.com
The AI company is expected to set its valuation range this week, the Wall Street Journal reported.
By Marina Temkin · techcrunch.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.