Anthropic reportedly plans to start trading as soon as next week, as investors push for a lower valuation
The Wall Street Journal reports that the company will set a price range this week, and that some institutional investors want a valuation below $1.5 trillion.
Anthropic is moving ahead with its initial public offering despite a sharp Nasdaq selloff and the scandal at Nvidia, TechCrunch reports, citing The Wall Street Journal. According to the Journal, Anthropic plans to set a valuation range this week and begin trading on Thursday or Friday of next week. That is a more specific timeline than earlier reports that the company was aiming to list before Thanksgiving. Some institutional investors are now pushing for a valuation below the $1.5 trillion target discussed as recently as last week. That figure was already well below the $2 trillion floated a few months ago. Investors are expected to treat the pricing as a test of how strong the AI boom still is. OpenAI, Anthropic's main rival, was reportedly valued at $1.25 trillion last week after raising $11 billion, short of the $20 billion it initially sought. Anthropic's amended filing had already warned investors of safety risks tied to AI systems that help build more capable AI. The listing would be one of the largest technology offerings in years and would put the company under public-market scrutiny for the first time.