Anthropic Targets $1.4 Trillion IPO Valuation; Ives Sees Strong Institutional Demand
Summary
- Anthropic said it aims to sell 825 million shares in its IPO at $70 to $78 each, targeting a valuation of as much as $1.4 trillion and proceeds of up to $64.35 billion.
- It said a separate $26 billion private placement is under way with participation from Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC.
- Anthropic said its third-quarter revenue this year reached $17 billion, up more than 12-fold from a year earlier, but it posted a $567 million loss. Ives said the IPO will be a key test of AI company valuations.
Forecast Trend Report by Period
Anthropic, the U.S. artificial intelligence company, is seeking to raise as much as $90 billion through an initial public offering.
Walter Bloomberg reported on November 11 that Dan Ives, a partner at Yorkville Ives, expects strong demand from institutional investors for Anthropic's IPO, which is aiming to raise as much as $90.4 billion.
Anthropic plans to offer 825 million shares at $70 to $78 each. The company is targeting a valuation of as much as $1.4 trillion and proceeds of up to $64.35 billion.
A separate $26 billion private placement is also under way, with participation from Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC.
Anthropic recently said its revenue for the third quarter of this year totaled about $17 billion. That was more than 12 times the $1.4 billion reported a year earlier. Still, surging computing costs and other expenses left the company with a $567 million loss, compared with a profit a year earlier.
Ives said Anthropic's IPO will be a key test of valuations across AI companies. He added that the final offering price is likely to be set next week.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul