Anthropic Sets IPO Price Range Between $70 and $78 per Share
AI laboratory Anthropic has filed to debut on the Nasdaq under the ticker symbol 'ANT,' setting an initial price range of $70 to $78 per share. The company plans to offer 825 million shares, which could net up to $64.35 billion in proceeds and result in a fully diluted valuation of approximately $1.405 trillion. This follows a significant jump from its May valuation of $965 billion. Despite massive revenue growth—reporting $33.24 billion for the nine months ended Sept. 30, a 1,200% year-over-year increase—the company faces headwinds. Anthropic reported a net loss of $104 billion during the same period, largely driven by changes in fair value of convertible notes. Investors are also weighing macroeconomic concerns, including rising interest rates and political shifts that may impact AI infrastructure development.
Tickers: $ANT
Topics: Artificial Intelligence IPO Nasdaq Listing Valuation
Part of the story Anthropic Files for Massive IPO Targeting $1.4 Trillion Valuation (3 articles)