Anthropic's IPO is set to raise as much as $64.4 billion, a regulatory filing showed on Tuesday, in a landmark test of whether Wall Street's faith in the AI boom outweighs concerns over its risks.
\n\nThe company is targeting a valuation of up to $1.02 trillion, according to Reuters calculations based on the outstanding shares listed in the filing.
\n\nReuters exclusively reported on Tuesday that Anthropic and some of its investors plan to sell shares in an indicative price band of $70 to $78 per share.
\n\nThe company is launching the roadshow for a historic share sale that is expected to set a benchmark for the sector, following years of hype that have fuelled a massive influx of capital into AI companies.
\n\nAnthropic will also raise $26 billion through a separate private placement deal with cornerstone investors, including Alphabet's Google, Nvidia and Advanced Micro Devices, Reuters reported.
\n\nTogether with investments from cornerstone investors, which include Broadcom, Micron Technology, Microsoft and TSMC, the Anthropic share offering will raise a total of up to $90.4 billion.
\n\nDetails of the blockbuster deal were briefly circulated to investment banks before being retracted late on Monday, according to emails seen by Reuters.
\n\nThe second half…
Original source: https://www.cnbctv18.com/technology/
