According to ChainCatcher, Anthropic CEO Dario Amodei said Friday during a fireside chat with JPMorgan CEO Jamie Dimon at JPMorgan’s New York headquarters that the company is not particularly concerned about which month or market conditions it chooses for an IPO. He said Anthropic aims to “underpromise and overdeliver.”

Amodei said he agrees with the view that a company should not be valued even $1 above its true worth. Against recent volatility in the AI sector and pressure on technology stock valuations, Anthropic is taking a cautious approach to IPO pricing. The company is reportedly targeting a valuation of about $1.33 trillion or higher and plans to offer 825 million shares at $70 to $78 each, which would raise more than $61 billion at the midpoint. Investors, including Google, also plan to invest about $26 billion through a private placement. Amodei called computing investment the company’s “deepest business challenge,” saying substantial spending on computing resources continues to pressure its finances.