Anthropic Files for Nasdaq Listing as Some Investors Value It at $1.1 Trillion
Bloomberg reports that investors are largely discussing a valuation of $1.2 trillion to $1.3 trillion. Anthropic has applied to list on the Nasdaq, but its IPO offering price per share has yet to be set.
Some investors weighing Anthropic’s initial public offering value the company at $1.1 trillion, Bloomberg reported on November 6. An IPO is the process by which a company sells shares to the public for the first time. Citing people who asked not to be identified, Bloomberg said the valuation investors are generally discussing falls in the range of $1.2 trillion to $1.3 trillion.
What investors are saying
The $1.1 trillion figure in the report reflects the view of only some investors. It sits below the $1.2 trillion to $1.3 trillion range that investors are said to be discussing more broadly.
The benchmark for comparison is the price from the funding round in May. Anthropic announced a valuation of $965 billion in its Series H fundraising. Even the lower of the figures reported this time, $1.1 trillion, exceeds that mark.
Where the listing process stands
Anthropic filed an amended IPO registration statement with the US Securities and Exchange Commission (SEC) on November 2. It has applied to list on the Nasdaq, under the proposed ticker symbol “ANT.”
The field for the offering price per share in the filing is still blank. The preliminary prospectus also carries the caveat that its contents are subject to change. Anthropic said that whether the IPO proceeds depends on a number of factors, including market conditions.
Can investors in Korea buy in?
According to the preliminary prospectus, the shares have not been registered for a public offering in Korea. Any offering within Korea will be conducted as a private placement, except where relevant law permits otherwise. A private placement means the shares are not sold to the general public.
The things to watch from here are the final offering price, the IPO timeline, and the actual terms under which retail investors in Korea might participate. Another open question is how much of investors’ current valuations will carry over into the final offering terms.