IPO outlook: anthropic targets $1.4 trillion valuation as Nasdaq debut nears
IPO expectations shift
Anthropic confirmed Tuesday that its planned offering could be one of the biggest on record. However, the expected valuation is lower than earlier forecasts. Reuters reported that the company had previously been expected to reach a valuation as high as $2 trillion. The current headline target is $1.4 trillion.
Price and trading plans
The expected IPO price is between $70 and $78 per share. The Wall Street Journal, citing sources, reported that trading could begin next Thursday or Friday.
A major public listing
The offering is expected to place Anthropic among the world’s most valuable publicly traded companies, potentially as soon as next week. That would make the company’s market debut a major event for the technology sector. OpenAI, Anthropic’s rival, was valued at $1.25 trillion as of last week, according to the article.
Key points
- Anthropic says its IPO could be among the largest ever, but below previous expectations.
- The expected share price is $70 to $78.
- Trading could begin Thursday or Friday next week, according to Wall Street Journal sources.
- Anthropic applied to list on Nasdaq under the symbol ANT.