Anthropic’s plans for an initial public offering (IPO) are set to generate up to $64.4 billion US, as indicated by a regulatory filing released on Tuesday. This move will test Wall Street’s confidence in the artificial intelligence sector amidst increasing concerns about its potential risks.
The firm aims for a valuation that could reach as high as $1.02 trillion US, based on calculations from Reuters that consider the outstanding shares mentioned in the filing.
According to an exclusive report by Reuters on Tuesday, Anthropic and several of its investors plan to offer shares within a proposed price range of $70 to $78 US each.
The company is set to commence a roadshow for this landmark share sale, which is anticipated to establish a new standard for the industry, following years of excitement that have driven a substantial influx of investment into AI enterprises.
