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Summary of article:
Anthropic will launch an IPO in the United States, with a maximum valuation of US$1.4 trillion. Although this is lower than previous expectations, it has become an important indicator to test Wall Street’s confidence in the AI boom.
artificial intelligence (AI) Startupanthropic There will be a large, high-profile initial public offering (IPO), with an estimated valuation of up to $1.4 trillion. This valuation is slightly lower than some investors expected as investor enthusiasm for AI has cooled recently.
Reuters reported that Anthropic’s IPO will be an important test.wall Street Confidence in the AI boom that Wall Street helped ignite.
If calculated based on the upper limit of the issue price range announced by the IPO, Anthropic’s fully diluted valuation is approximately US$1.4 trillion, which includes securities such as stock options and restricted stock. Excluding these securities, Anthropic’s market capitalization on an undiluted share basis would be approximately $1 trillion.
Anthropic and some investors plan to sell 825 million shares in the IPO, which is tentatively priced at up to $78 a share and is expected to raise up to $64.4 billion.
Some potential investors have questioned whether Anthropic’s previously discussed $1.5 trillion valuation is too high, especially given the company’s commitment to investing heavily in infrastructure and recent volatility in AI-related stocks.
Investors this year expected Anthropic to launch an IPO in October with a target valuation of up to $2 trillion.
Before Anthropic submitted an updated prospectus to the US Securities and Exchange Commission (SEC) today, details related to the IPO were sent to investment banks late last night, but were withdrawn shortly thereafter, according to emails seen by Reuters.
In the second half of this year, the AI craze faced a reality test, with investors questioning whether future investment returns would be enough to support huge spending and rising borrowing costs in an environment of higher interest rates.
However, Anthropic’s growth has so far not been affected by these doubts, mainly due to the increase in demand for its products, especially the rapid popularity of the cloud model.
In its application documents, Anthropic proposed a vision of “creating an age of miracles” and warned that AI could pose risks to human survival, highlighting the extraordinary potential and deep uncertainty at the heart of the AI boom.
Anthropic will also raise US$26 billion from cornerstone investors such as Alphabet’s Google, NVIDIA and AMD through another private placement transaction.
Other cornerstone investors include Broadcom, Micron Technology, Microsoft and TSMC. Including the investment from cornerstone investors, the offering will bring Anthropic’s total funds raised to a maximum of US$90.4 billion.
Certain members of Anthropic’s board of directors and their related entities have expressed their intention to subscribe for shares in this offering for an amount of up to $303 million.
Summary FAQ
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If calculated based on the upper bound of the issue price range, Anthropic’s fully diluted valuation is approximately US$1.4 trillion, and its undiluted market value is approximately US$1 trillion. The company and some investors could raise up to US$64.4 billion by selling 825 million shares.
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Some investors believe the US$1.5 trillion valuation discussed earlier is too high. They are mainly concerned that the company will need to invest a lot of money to build infrastructure. In addition, the volatility of AI stocks has increased recently, and whether remuneration can support higher expenses in a higher interest rate environment has also been questioned.
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Anthropic has also raised US$26 billion through a private placement from cornerstone investors such as Alphabet’s Google, NVIDIA and AMD. Other cornerstone investors include Broadcom, Micron, Microsoft and TSMC, totaling up to US$90.4 billion.
