Wall Street Makes Its Pitch for Anthropic’s I.P.O.

What happened: At JPMorgan's headquarters, Jamie Dimon interviewed Anthropic CEO Dario Amodei about a week before the company plans to sell shares publicly, in what could be the largest initial public offering ever. Key numbers: Anthropic aims to raise up to $100 billion at a valuation of up to $1.4 trillion, down from $2 trillion floated this summer. Why it matters: Amodei said the company is not focused on timing or market conditions for going public, while Wall Street runs an intensive sales effort. The lowered valuation target follows market jitters.

At JPMorgan's headquarters, Jamie Dimon interviewed Anthropic CEO Dario Amodei about a week before the company plans to sell shares publicly, in what could be the largest initial public offering ever.

Amodei said the company is not focused on timing or market conditions for going public, while Wall Street runs an intensive sales effort. The lowered valuation target follows market jitters.