Anthropic Targets $1.4tn Valuation in Nasdaq IPO
AI lab Anthropic targets a fully diluted valuation of up to $1.4tn through its upcoming initial public offering on Nasdaq.
Artificial intelligence lab Anthropic is targeting a fully diluted valuation of up to $1.4tn through its initial public offering, according to YahooStocks0 citing a Reuters report. Trading on Nasdaq is expected to begin on 19 November.
IPO Details
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Anthropic and certain existing shareholders plan to raise up to $64.4bn through the sale of 825 million shares. The pricing for the shares is set between $70 and $78 per share.
Key facts
- Anthropic targets a fully diluted valuation of up to $1.4tn in its initial public offering.
- Nasdaq trading is expected to begin on 19 November.
- The AI lab and existing shareholders plan to raise up to $64.4bn.
- The offering involves the sale of 825 million shares priced between $70 and $78.
Source: verdict.co.uk
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