AI & Tech
Anthropic reportedly plans to set its IPO valuation range this week, with trading as early as next Thursday
Some investors want a valuation below the $1.5 trillion target discussed last week, per the Wall Street Journal.
In short
$1.5Ttarget valuation discussed last week
- Trading could start Thursday or Friday next week
- $1.5T target; some investors want lower
- OpenAI reportedly at $1.25T
What was reported
TechCrunch, citing the Wall Street Journal, says Anthropic plans to set its valuation range this week and begin trading on the Thursday or Friday of next week. Anthropic has not confirmed these details in the report.
The valuation debate
Some institutional investors want a valuation below the $1.5 trillion target discussed last week. That target was already well below the $2 trillion that had been floated a few months earlier. The timing is seen as risky because the listing comes soon after one of Nasdaq's biggest sell-offs.
The rival
OpenAI was reportedly valued at $1.25 trillion last week after raising $11 billion.
Read the original reporting
TechCrunch↗
