Anthropic targets $1.3 trillion Nasdaq valuation in landmark stock debut
Claude chatbot maker Anthropic is seeking up to $64bn in a Nasdaq flotation that could value the artificial intelligence company at $1.3 trillion.
Artificial intelligence firm Anthropic, the developer behind the Claude chatbot, could be valued at up to $1.3 trillion (£1 trillion) when it lists on New York's Nasdaq exchange this month. The company plans to offer shares between $70 and $78 each, raising up to $64bn.
The expected valuation of between $1.1tn and $1.3tn remains below the $2tn previously anticipated by some investors. The flotation follows tech market turbulence after the US midterm elections, which prompted worries over artificial intelligence spending and the expansion of heavy data centres.
Regulatory disclosures show Anthropic's revenue climbed to $16.2bn in the six months to June, alongside pre-tax losses of $80.7bn. Co-founded in 2021 by siblings Dario and Daniela Amodei alongside other OpenAI alumni, the firm trails only SpaceX's $1.8tn market debut in June.
Source: BBC News
