#AnthropicRejectsIPODelayValuationinQuestion
Anthropic is heading to public markets, and the numbers are big.
The company has set a $70 to $78 per share IPO price range. Reported estimates put the valuation at up to about $1.4 trillion on a fully diluted basis. It plans to list on Nasdaq under the ticker ANT, with pricing expected around November 18 and trading around November 19, according to CNBC's sources.
A few things stand out:
Valuation talk has moved fast. Estimates ran as high as $2 trillion before settling near $1.4 trillion. The $1.4T figure is a reported estimate, and outlets put the implied range anywhere from about $1.26T to $1.41T.
Seven companies, including Google, $NVDA, Microsoft, TSMC, AMD, Broadcom and Micron, have agreed to buy $26B of non-voting shares at the IPO price, a notable vote of confidence.
The bull case is that AI demand is real and this gives investors direct exposure to a frontier AI lab.
The bear case is heavy infrastructure spending, ongoing losses, and a price that depends on revenue growth far into the future.
My take: at $1.4T, the price assumes a lot of future growth. I'd watch the first weeks of trading and the revenue numbers more than the hype.
Not financial advice. DYOR.
#Anthropic #IPO #Nasdaq #BinanceSquare
Anthropic is heading to public markets, and the numbers are big.
The company has set a $70 to $78 per share IPO price range. Reported estimates put the valuation at up to about $1.4 trillion on a fully diluted basis. It plans to list on Nasdaq under the ticker ANT, with pricing expected around November 18 and trading around November 19, according to CNBC's sources.
A few things stand out:
Valuation talk has moved fast. Estimates ran as high as $2 trillion before settling near $1.4 trillion. The $1.4T figure is a reported estimate, and outlets put the implied range anywhere from about $1.26T to $1.41T.
Seven companies, including Google, $NVDA, Microsoft, TSMC, AMD, Broadcom and Micron, have agreed to buy $26B of non-voting shares at the IPO price, a notable vote of confidence.
The bull case is that AI demand is real and this gives investors direct exposure to a frontier AI lab.
The bear case is heavy infrastructure spending, ongoing losses, and a price that depends on revenue growth far into the future.
My take: at $1.4T, the price assumes a lot of future growth. I'd watch the first weeks of trading and the revenue numbers more than the hype.
Not financial advice. DYOR.
#Anthropic #IPO #Nasdaq #BinanceSquare
