[DigitalToday reporter Chi-gyu Hwang (황치규)] Anthropic is pushing ahead with a late-November initial public offering as planned despite a recent sharp fall in shares of AI-related companies, the Wall Street Journal reported on Sunday.
The report said Anthropic will meet major investors this week. It aims to begin stock trading next Thursday or Friday. The WSJ, citing sources familiar with the matter, said Anthropic plans to list on Nasdaq under the ticker symbol ANT.
Investors are watching the target valuation range that Anthropic will disclose in filings early this week. As recently as a week ago, investors were expecting around 1.5 trillion dollars. After AI stocks fell sharply last Thursday, some major investors are asking the company to lower its valuation expectations. That raises the likelihood it will have to accept a valuation far below the roughly 2 trillion dollars discussed a few months ago.
The Nasdaq Composite Index has since recovered some of its losses. Anthropic may have gained confidence to push ahead with its IPO. It could delay the listing and wait for a better moment, but the WSJ reported that doing so would risk major market turbulence.
Chi-gyu Hwang (황치규)
delight@d-today.co.kr