Techcrunch Anthropic IPO Targets $1.02 Trillion Valuation Amid Investor Skepticism
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- •Anthropic aims for a valuation of $1.02 trillion in its upcoming IPO.
- •The IPO could raise up to $90.4 billion, with shares priced between $70 and $78.
- •Investor skepticism is growing due to high infrastructure costs and compute commitments.
Anthropic is launching its IPO with a target valuation of up to $1.02 trillion, aiming to raise $90.4 billion through public shares and a private placement. The company plans to offer shares priced between $70 and $78, with major backers including Google and Nvidia. Despite a 47% revenue growth to nearly $17 billion in Q3, investor skepticism remains due to high infrastructure costs and commitments of nearly $900 billion in compute capacity with partners like Amazon and Google. The IPO details were briefly shared with investment banks before being retracted, indicating potential volatility in investor interest. The company was founded in 2021 by former OpenAI researchers and focuses on AI safety. The IPO could be one of the largest in history, following SpaceX's $75 billion raise earlier this year.
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