Anthropic Reportedly Pushes Ahead with IPO, Valuation Range to Be Set This Week
According to The Wall Street Journal, Anthropic plans to set a valuation range this week and begin trading next Thursday or Friday. Some institutional investors are pushing for a valuation below the $1.5 trillion target discussed last week, a figure that had reached $2 trillion just a few months earlier. By comparison, rival OpenAI was reportedly valued at $1.25 trillion last week after raising $11 billion, below the $20 billion it initially sought.
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After a sharp sell-off on the Nasdaq, Anthropic's IPO pricing range has become a reference point for gauging investor confidence in the AI boom.
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Launching a major tech IPO would seem risky right now, 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. But that isn’t deterring Anthropic, which is moving ahead with its listing plans, according to The Wall Street Journal .
Anthropic plans to set a valuation range this week and begin trading on Thursday or Friday of next week, the Journal reported.
Investors will look to Anthropic’s valuation to gauge the strength of the AI boom. 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, the report said.
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.