Anthropic targets $1.4 trillion IPO

Anthropic announced Tuesday that its upcoming IPO is poised to become one of the largest in history, though still below earlier expectations. Analysts suggest the share price will range from $70.00 to $78.00, with sources from the Wall Street Journal indicating a target for trading beginning Thursday or Friday next week.

Reuters reports that the original prospect of a $2 trillion valuation has been tempered, while OpenAI, a competitor, holds a valuation of $1.25 trillion as of last week.

The anticipated IPO price is projected to fall between $70.00 and $78.00 per share. Anthropic has sought to list its Class A common stock on the Nasdaq Global Select Market under the ticker “ANT.”

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