The artificial intelligence start-up Anthropic disclosed Tuesday that it is aiming for its initial public offering to value the company at more than $1 trillion, a comedown from prior expectations of roughly $2 trillion.
Anthropic disclosed it plans to sell $62.5 billion in IPO stock. The details are likely to change in coming days as company representatives meet with potential investors in the IPO. Big technology companies including Google and Nvidia may also buy another $26 billion in Anthropic shares, the company said.
Earlier, news reports said Anthropic hoped to sell roughly $100 billion or more in stock, which would have been history’s largest IPO.
But for weeks, AI company stock and bond prices — along with Americans’ retirement accounts — have been on a roller coaster ride as investors reassessed how quickly AI technology can reshape life and work.
That reassessment has made Anthropic’s IPO closely watched in Silicon Valley and on Wall Street. Even with a skinnier stock sale and lower company valuation than optimists hoped, it’s likely to be greeted as a healthy sign for the AI boom that Anthropic seems to be proceeding relatively normally with its IPO.
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