Anthropic, maker of the Claude AI chatbot, set a proposed IPO price range of $70 to $78 a share, aiming to raise up to $64 billion and valuing the five-year-old company between roughly $1.1 trillion and $1.3 trillion. The listing, slated for Nov. 19 on the Nasdaq under the ticker ANT, would be the largest debut for a pure-play AI company and a bellwether for investor appetite amid volatile tech markets following the U.S. midterms.
The company posted sharp top-line growth, with revenue rising to $16.2 billion for the six months ended June from $1.1 billion a year earlier, while losses widened to $80.7 billion from $12.9 billion. Anthropic’s filings flagged that advanced AI could pose “catastrophic or existential risks,” underscoring intensifying concerns over safety and oversight even as demand for AI accelerates. Analysts said the targeted raise looks bullish given market jitters. The float would still value Anthropic below SpaceX, which was pegged near $1.8 trillion at its June listing. Founded in 2021 by siblings Dario and Daniela Amodei and former OpenAI staffers, Anthropic’s offering precedes a planned OpenAI debut expected next year.
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— Anthropic (company)
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