Anthropic has sent bankers a copy of its IPO filing showing plans to raise up to around $69 billion, according to Reuters, which reviewed the emails. The company then followed up to say the pricing details in that document were inaccurate.
The mix-up lands in the middle of one of the most closely watched listings of the year. Anthropic is the maker of the Claude family of AI models and one of the two companies at the center of the current AI investment boom, alongside OpenAI.
Anthropic IPO timing and valuation range
TechCrunch, citing The Wall Street Journal, reported that Anthropic plans to set its valuation range this week and begin trading on Thursday or Friday of next week. The company is pressing ahead despite a rough stretch for markets.
Launching a major tech IPO would seem risky right now, shortly after one of Nasdaq's biggest sell-offs and amid wider scrutiny of AI-company leadership. The Journal's reporting suggests Anthropic is willing to test investor appetite anyway.
Investors are expected to read Anthropic's final valuation as a signal of how strong the AI boom still is. Some institutional investors are pushing for a number below the $1.5 trillion target discussed as recently as last week, according to the report. That figure was itself well below the $2 trillion floated a few months earlier.
- Filing figure: plans to raise up to around $69 billion
- Follow-up from Anthropic: the pricing details were inaccurate
- Valuation range expected this week, per The Wall Street Journal
- Trading could start Thursday or Friday of next week
- Some investors want a valuation below the $1.5 trillion target discussed last week
- An earlier $2 trillion figure had been floated a few months ago
