Despite Market Turbulence, Anthropic Reportedly Plans to Move Forward With IPO, TechCrunch Reports
Listing plans advance
Anthropic is moving ahead with its listing plans, The Wall Street Journal reported. The decision comes soon after a major Nasdaq selloff and amid revelations about an affair involving a CEO central to the AI boom and a suspected Chinese spy.
The company plans to set a valuation range this week. Trading could begin Thursday or Friday of next week, the Journal reported.
Investors debate valuation
The listing’s valuation is expected to offer investors a gauge of the AI boom’s strength. Some institutional investors are pushing for a figure below the $1.5 trillion target discussed as recently as last week, according to the report. That target was already considerably lower than the $2 trillion valuation floated a few months earlier.
OpenAI comparison
Anthropic’s main rival, OpenAI, was reportedly valued at $1.25 trillion last week. The ChatGPT maker raised $11 billion in fresh capital, falling short of the $20 billion it had initially sought.
Key points
- Anthropic plans to set a valuation range this week, according to the Journal.
- Trading may begin Thursday or Friday of next week.
- Some institutional investors want a valuation below the recently discussed $1.5 trillion target.
- OpenAI reportedly reached a $1.25 trillion valuation after raising $11 billion.