Anthropic confirmed on Tuesday that it is pursuing an initial public offering that could rank among the largest ever, even though the company is aiming below earlier expectations for its valuation. The listing would make the artificial intelligence developer one of the world's most valuable publicly traded companies as soon as next week.
The company's IPO price is expected to fall between $70.00 and $78.00 per share. Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol "ANT."
Citing sources, the Wall Street Journal reported that Anthropic is aiming for its shares to begin trading either Thursday or Friday next week. The timing would place the offering on a US exchange within days.
The anticipated valuation marks a step down from previous projections. Reuters noted that the Anthropic IPO had earlier been expected to be valued at as much as $2 trillion. As of last week, rival OpenAI was valued at $1.25 trillion.
Anthropic's offering arrives as AI companies draw intense interest from public market investors. The company's confirmation of its price range and listing application sets up a closely watched debut on the Nasdaq Global Select Market.
Anthropic has not disclosed further details about the offering beyond the expected price range and its listing plans. The shares are set to trade under the ticker "ANT" once the offering is completed.
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