Anthropic Pushes Ahead with Pre-Thanksgiving IPO Despite Tech Selloff, Accepts Lower Valuation
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5 Articles
Anthropic stands on the eve of a difficult IPO. Sentiment surrounding AI has changed, and that is shaking the stock market to its foundations.
Anthropic is targeting a pre-Thanksgiving IPO. Despite the sell-off in technology stocks, the company expects to raise $80-100 billion at a lower valuation.
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation
Despite the tech selloff, Anthropic is pressing ahead with its IPO at a valuation of $1.25 to $1.75 trillion, well below the hoped-for $2 trillion. The Claude developer aims to raise $80 to $100 billion before Thanksgiving. Rival OpenAI has also recently had to cut its valuation. The article Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation appeared first on The Decoder.
In spite of a broad tech sell-out, Anthropic maintains its IPO and, according to the Financial Times, targets a valuation of between $1.25 and $1.75 trillion, well below the two trillion hoped-for. Claude's developer wants to collect between $80 and $100 billion before Thanksgiving. Competitor OpenAI also recently had to lower its valuation. Despite a tech sell-out, Anthropic wants to get ahead of Thanksgiving to the stock market first appeared …
Anthropic is still aiming to complete its initial public offering (IPO) before the Thanksgiving holiday in the US later this month…
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