
AI startup plans to set valuation range this week and begin trading next week, according to The Wall Street Journal
AI-generated summary
Anthropic is proceeding with its IPO plans despite Nasdaq's recent selloff and concerns about the AI boom. The company plans to set a valuation range this week and begin trading next week.
Launching a major tech IPO would seem risky right now, shortly after one of Nasdaq's biggest selloffs and amid revelations that a CEO central to the AI boom had an affair with a suspected Chinese spy. But that isn't deterring Anthropic, which is moving ahead with its listing plans, according to The Wall Street Journal.
Anthropic plans to set a valuation range this week and begin trading on Thursday or Friday of next week, the Journal reported.
Investors will look to Anthropic's valuation to gauge the strength of the AI boom. Some institutional investors are now pushing for a valuation below the $1.5 trillion target discussed as recently as last week, a figure that was itself considerably below the $2 trillion floated a few months ago, the report said.
AI outlook — possibilities, not facts
Anthropic will set its valuation range this week and begin trading Thursday or Friday of next week
Likely · Within days

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