Anthropic sets IPO price band at $70-$78, targets valuation of up to $1.4 trillion

Résumé détaillé

AI company Anthropic plans to offer 825 million shares in Nasdaq listing; IPO could raise up to $64.35 billion.

Artificial intelligence (AI) company Anthropic has set a price range of $70 to $78 per share for its proposed initial public offering (IPO), potentially valuing the five-year-old company at up to $1.405 trillion and positioning it for one of the largest stock market debuts.

According to an updated filing with the US Securities and Exchange Commission (SEC) on Tuesday, Anthropic plans to offer 825 million shares in the IPO. At the upper end of the price band, the company could raise approximately $64.35 billion.

The proposed valuation represents a significant increase from the $965 billion valuation announced by Anthropic during its May funding round. The company is expected to list on the Nasdaq under the ticker symbol 'ANT' later this month.

Despite the scale of the proposed offering, Anthropic faces an uncertain investment environment as it prepares to market its shares to institutional and retail investors.

The latest US midterm election results, which gave Democrats control of Congress, along with the passage of several state-level ballot measures, have raised questions about the future pace of AI infrastructure development.

Concerns are mounting that regulatory and political opposition could slow the expansion of data centres, which require substantial investments in computing infrastructure and electricity.

Investors are also becoming increasingly cautious about AI-related stocks amid concerns that higher interest rates could increase borrowing costs for companies planning large-scale infrastructure investments.

According to earlier reports, some Anthropic investors have become less confident about the company's potential valuation. The AI developer had reportedly considered a $2 trillion valuation, but shareholders recently expressed doubts about achieving even $1.5 trillion, with one investor describing that figure as a 'stretch'.

If completed as scheduled, Anthropic's Nasdaq debut would come approximately five months after SpaceX completed a record-breaking IPO…

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