【AI Giant IPO Valuation Comes in at a Discount】
The valuation has fallen from the 1.5 trillion the market was talking about to a high of around 1.4 trillion. Anthropic is being valued at a discount, but I don’t think that’s bad news.
According to CNBC, Anthropic set its price range today at $70–78 per share and plans to list on Nasdaq on November 19 under the ticker ANT. Valuation estimates vary widely, ranging from around 1 trillion to 1.4 trillion.
The counterintuitive part is on the buy side: seven giants, including AMD, Nvidia, Google, and Microsoft, have agreed to subscribe for $26 billion worth of shares at the IPO price. CNBC also says the order book is already fully subscribed within the range.
Last Saturday, I wrote that the range was clearly below 1.5 trillion and that premarket contracts would likely keep searching lower. It’s only one tier lower so far, and big buyers are providing support, so I’m walking back half of that call.
My view: This provides a sentiment floor for the AI sector in bStocks. AMDB was at 495.6 on Binance at 22:23, up 5.33% in 24 hours.
What would prove me wrong: If AMDB falls below its 24-hour low of 468.81 after the U.S. market opens, that would show the market is still selling AI valuations, and I’ll admit I was wrong.
Do you think ANT can stay above 78 on its first day?
Sources: CNBC, Forbes, Binance data
#Anthropic #IPO
📈 Top three contract gainers (22:34): $INIT +87.41%｜$ARIA +18.87%｜$ONE +16.55%
#BinanceSquare
⚠️ The above is a summary of information and personal opinion, not investment advice. DYOR.
The valuation has fallen from the 1.5 trillion the market was talking about to a high of around 1.4 trillion. Anthropic is being valued at a discount, but I don’t think that’s bad news.
According to CNBC, Anthropic set its price range today at $70–78 per share and plans to list on Nasdaq on November 19 under the ticker ANT. Valuation estimates vary widely, ranging from around 1 trillion to 1.4 trillion.
The counterintuitive part is on the buy side: seven giants, including AMD, Nvidia, Google, and Microsoft, have agreed to subscribe for $26 billion worth of shares at the IPO price. CNBC also says the order book is already fully subscribed within the range.
Last Saturday, I wrote that the range was clearly below 1.5 trillion and that premarket contracts would likely keep searching lower. It’s only one tier lower so far, and big buyers are providing support, so I’m walking back half of that call.
My view: This provides a sentiment floor for the AI sector in bStocks. AMDB was at 495.6 on Binance at 22:23, up 5.33% in 24 hours.
What would prove me wrong: If AMDB falls below its 24-hour low of 468.81 after the U.S. market opens, that would show the market is still selling AI valuations, and I’ll admit I was wrong.
Do you think ANT can stay above 78 on its first day?
Sources: CNBC, Forbes, Binance data
#Anthropic #IPO
📈 Top three contract gainers (22:34): $INIT +87.41%｜$ARIA +18.87%｜$ONE +16.55%
#BinanceSquare
⚠️ The above is a summary of information and personal opinion, not investment advice. DYOR.
