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AI Giant Anthropic Debuts on Nasdaq at $78 Price
10 Nov
Summary
- Anthropic plans to debut on Nasdaq on November 19.
- Stock priced between $70 and $78, targeting $1.4 trillion valuation.
- Company saw significant sales growth but only one profitable quarter.
Artificial intelligence firm Anthropic is scheduled to make its debut on the Nasdaq stock exchange next week, with its initial public offering (IPO) slated for November 19. The company announced on Tuesday that its stock will be priced within the range of $70 to $78 per share.
Anthropic anticipates having 825 million shares available upon its public listing, aiming for a valuation of $1.4 trillion. This figure would place it among highly valued companies like SpaceX. The company has allocated approximately 20% of its shares for public retail investors, a higher proportion than typically seen in IPOs.
Founded in 2021, Anthropic has experienced rapid growth, joining a wave of AI developers impacting the global economy. While sales have surged—reaching $33.2 billion through September of this year, a significant increase from $4.6 billion in the same period last year—the company has only posted a profit in a single quarter. Anthropic has cautioned investors that its revenue growth may not continue at comparable rates.
