business
Anthropic investors push for a $1.5 trillion valuation
Investors are pushing for a valuation of roughly $1.5 trillion to $1.6 trillion for Anthropic's initial public offering, according to people familiar with the matter. That is well below the roughly $2 trillion figure discussed in recent months, as a technology stock selloff weighs on appetite for artificial intelligence investments. Anthropic has not finalized a valuation or the number of shares it will sell. In an amended filing on Monday, the company reported third-quarter revenue of about $17 billion, though it still posted a net loss. It also disclosed computing and infrastructure commitments of about $895 billion, and its investor roadshow could begin as soon as next week. The listing, on the Nasdaq under the ticker ANT, is targeted for the week before Thanksgiving.
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Anthropic investors push for a $1.5 trillion valuation
Investors are pushing for a valuation of roughly $1.5 trillion to $1.6 trillion for Anthropic's initial public offering, according to people familiar with the matter. That is well below the roughly $2 trillion figure discussed in recent months, as a technology stock selloff weighs on appetite for artificial intelligence investments. Anthropic has not finalized a valuation or the number of shares it will sell. In an amended filing on Monday, the company reported third-quarter revenue of about $17 billion, though it still posted a net loss. It also disclosed computing and infrastructure commitments of about $895 billion, and its investor roadshow could begin as soon as next week. The listing, on the Nasdaq under the ticker ANT, is targeted for the week before Thanksgiving.