Anthropic reportedly plans to start trading as soon as next week, as investors push its valuation lower
The Wall Street Journal says a price range is due this week. Some investors want less than the $1.5 trillion target discussed only days ago.
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Anthropic is going ahead with its stock market listing despite a rough week for AI stocks, TechCrunch reports, citing The Wall Street Journal. Per the Journal, a price range comes this week and shares could begin changing hands late next week, on Thursday or Friday.
The timing is awkward. It comes right after a huge Nasdaq sell-off and the scandal around Nvidia CEO Jensen Huang's affair with a suspected Chinese spy, which has hit the whole sector.
The number keeps falling
According to the Journal, some institutional investors want a valuation below $1.5 trillion, the target being talked about as recently as last week. That figure was already well under the $2 trillion mentioned only months earlier.
For comparison, rival OpenAI reportedly landed a $1.25 trillion valuation last week when it raised $11 billion of the $20 billion it first wanted.
Investors will treat the price as a read on how healthy the AI boom really is. A short brief for now; details will firm up when the range is set.
Scoreboard update: Draw. The AI boom's biggest test goes to public markets, and humans set the price.
Stay undead.
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