Anthropic sets IPO price band at $70-$78, targets valuation of up to $1.4 trillion

What happened: Anthropic set a $70 to $78 per share price range for its IPO, offering 825 million shares and planning to list on the Nasdaq under the ticker 'ANT' later this month. Key numbers: Price range $70 to $78 per share. Up to $1.405 trillion valuation. 825 million shares offered. Why it matters: The proposed valuation is a significant increase from the May funding round, but some investors have expressed doubts about reaching even $1.5 trillion amid caution on AI stocks, higher interest rates, and political questions about AI infrastructure development. Coverage: 11 outlets in 24h

Anthropic set a $70 to $78 per share price range for its IPO, offering 825 million shares and planning to list on the Nasdaq under the ticker 'ANT' later this month.

The proposed valuation is a significant increase from the May funding round, but some investors have expressed doubts about reaching even $1.5 trillion amid caution on AI stocks, higher interest rates, and political questions about AI infrastructure development.