Anthropic files for historic public offering seeking valuation over one trillion

Artificial intelligence giant Anthropic has filed for an initial public offering that could value the company at more than 1 trillion dollars. Euronews, CNBC, and Reuters reported that the upcoming stock market debut could value the business at up to 1.4 trillion dollars. The Wall Street Journal reported that the company is seeking a 1.3 trillion dollar valuation, while the Financial Times reported that bankers are preparing to increase the valuation to 1.5 trillion dollars or more. [1][2][3][4][5][9][11][12]

Euronews reported that the maker of the Claude AI models submitted a filing with the US Securities and Exchange Commission on Tuesday. The company aims to sell 825 million shares at a price between 70 dollars and 78 dollars each to raise up to 64 billion dollars. Its shares will trade under the ticker symbol ANT. TechCrunch reported that all seven founders of the company will each cash out about 250 million dollars in the initial public offering. [1][8]

CNBC reported that the initial public offering is set for next week, with a potential date of November 19. CNBC also reported that Anthropic opened an Australian retail offering on Wednesday, allowing individual investors to apply for shares ahead of the planned public listing. [4][6][7]

Anthropic is an American artificial intelligence public benefit corporation headquartered in San Francisco, California. The company was founded in January 2021 by former members of OpenAI, including siblings Daniela Amodei and Dario Amodei, who serve as president and chief executive officer respectively. Its primary product line is the Claude series of large language models. [13]

Euronews reported that the stock market debut will be the first by a leading developer of artificial intelligence models. The debut is being viewed as a key test to determine how long the spending surge surrounding artificial intelligence can lift the United States economy. [1][12]