Anthropic Expected to Receive High 'Junk' Rating From Credit Agencies Following IPO, Report Says
Blackstone told investors the Claude maker now faces a double-B speculative rating, which could make borrowing more expensive after the listing.
- Anthropic, the US tech company behind the Claude AI system, filed to go public earlier this week in a $1.5 trillion flotation, with plans to list shares within weeks.
- Credit rating agencies expect Anthropic to receive a "high" junk rating following its IPO, according to a Financial Times report, citing concerns over the lab's massive spending spree.
- Anthropic's 335-page prospectus warns of "catastrophic or existential risks to humanity" while revenues advanced to $16.3 billion in the first six months of this year, following a spending spree over the past 12 months.
- Anthropic urged prospective investors to look beyond immediate returns, stating, "We encourage you, as a prospective owner of our stock, not to think of your purchase in purely transactional terms." Its ticker symbol will be ANT.
- Recent market history, such as SpaceX closing at $143.89 on Oct. 29, illustrates the volatility UK investors face. Experts suggest long-term conviction is a better strategy than chasing day-one gains.
25 Articles
25 Articles
So far, talking about the end of the world were only the sacred texts or legends of the peoples of all parts of the world, from the Apocalypse of St. John to the sagas of the Norse on Ragnarök until the book of the Native Americans Hopi with the day of purification. Then came the whistleblowers and the leaders "pentiti" of the Ai. [...] The article "Resistence, blackmail to humans and development of atomic weapons": Anthropic puts the risks of A…
The Financial Times (FT) reported on the 30th (local time), citing sources familiar with the matter, that Antropic may not receive an investment-grade credit rating even after listing on the U.S. stock market next month. According to the sources, Blackstone, the world's largest private equity firm, participated in 'Project Northstar,' a $63 billion (approximately 84.3 trillion won) AI semiconductor financing deal recently signed between Antropic…
NYU’s Damodaran: Worst that can happen for Anthropic is the mood keeps going the way it is now
Dan Ives, Yorkville Ives partner, and Aswath Damodaran, NYU Stern School of Business, join 'Closing Bell' to discuss new FT reporting that Anthropic may not secure investment-grade rating after IPO.
Within a few weeks, the young AI company will be listed on the stock exchange. For rivals in Silicon Valley and other Big Tech companies, much is at stake due to the deep interconnectedness of financial interests.
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