Anthropic Targets $64bn IPO in Major Test of Global AI Market

RecentNews.uk

Anthropic plans to raise up to $64bn (£48bn) in a major Nasdaq stock market listing.

Shares will be offered between $70 and $78 each, valuing the firm up to $1.3 trillion.

The listing comes during a volatile period for tech stocks amid concerns over US political shifts and AI regulation.

Analyst Fiona Cincotta notes the ambitious raise shows resilient industry confidence despite recent market jitters.

Will artificial intelligence companies justify their massive market valuations over the next year?

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