Anthropic sets $70-78 IPO price range, eyes Nasdaq debut
The AI company behind the Claude chatbot is preparing a public stock listing expected to be among the largest market debuts yet.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
What happened
Anthropic, the AI company behind the Claude chatbot, is preparing an initial public offering, with a planned Nasdaq debut on Nov. 19. A draft prospectus also earlier circulated among banks was withdrawn after it was circulated.
Why it matters
The listing will be a major test of investor appetite for AI stocks after a recent sell-off. Several co-founders are also offering shares, and Amazon and Google are set for large windfalls from the offering.
Timeline
- Nov 10, 5:48 AM ET: Anthropic withdrew its IPO filing after details of its plans, including a raise of nearly $70 billion, were circulated among banks.
- Nov 10, 11:23 AM ET: The company said its stock will be priced in the $70 to $78 range and set to debut on the Nasdaq on Nov. 19.
Coverage
- Anthropic’s lower-than-expected IPO valuation: smart strategy or sign of trouble? (fortune.com)
- Anthropic Targets $1.3T Valuation in IPO (newser.com)
- Anthropic targets $1.4 trillion market value in blockbuster IPO — down from earlier reported $2 trillion (New York Post)
- Anthropic targets valuation around $1T in blockbuster AI IPO, below initial expectation (foxbusiness.com)
- Anthropic stock listing: Target price range hints at valuation lower than rumored reports as IPO date nears (fastcompany.com)
- Here's what we learned in Anthropic's amended filing (Yahoo News)
- Google, Nvidia and Microsoft Are Among 7 Tech Giants Putting $26 Billion Into Anthropic’s IPO (Omor Ibne Ehsan)
- Anthropic Just Took a Big Step Toward Its Public Debut. Here's What You Need to Know. (fool.com)
- Anthropic seeks $1.3T valuation for blockbuster IPO (Politico)
- Anthropic Downsizes IPO Amid A.I. Backlash (TradingView)
- Anthropic Files Preliminary IPO Terms as Investors Commit $26B (unite.ai)
- Anthropic kicks off IPO roadshow, offering shares at $70 to $78 and targeting a trillion-dollar valuation (the-decoder.com)
- Anthropic Retracts Reported $70–$80 IPO Price Range, Says Pricing Update Is Coming; Listing Expected Next Week (stocktwits.com)
- Anthropic Pushes Ahead With IPO Next Week Despite Market Selloff: Report - Tema Photonics & Optical ETF… (Radhika Anilkumar Nadig)
- Anthropic IPO’s moment of truth nears as waiting period ends (The Japan Times)
- Anthropic lines up $26 billion from Nvidia, Google, others as IPO priced at $70 to $80 (investinglive.com)
- Anthropic IPO investors revisit valuation after selloff (thepaypers.com)
- Anthropic Said to Start IPO Marketing at a Lower Target (fourweekmba.com)
- Anthropic sets $70-78 IPO price range, targets Nasdaq debut Nov 19
- Anthropic sets $70-$78 share price range for Nasdaq IPO
- Anthropic readies Nasdaq IPO after retracting mistakenly sent filing
- Anthropic keeps IPO plans as AI sell-off cuts its valuation
- Anthropic's IPO valuation falls as AI selloff and backlash grow
- Anthropic presses ahead with IPO as valuation estimates fall
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