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Anthropic presses ahead with IPO despite AI stock slump, aims to list on Nasdaq next week

Anthropic is pressing ahead with a late-November initial public offering despite a recent slump in AI-related shares, the Wall Street Journal reported. The company is set to meet major investors this week and is targeting the start of stock trading next Thursday or Friday. Investors are watching the valuation range to be disclosed in filings. Some are urging a lower valuation after AI stocks fell sharply last Thursday.