FT “Antropic plans to complete IPO before the 26th”

The Financial Times (FT) reported on the 7th (local time), citing sources, that Antropic plans to complete its initial public offering (IPO) before the U.S. Thanksgiving holiday (November 26) despite the recent sell-off in technology stocks.

Sources predicted that Antropic would raise $80 billion to $100 billion with a corporate value of $1.25 trillion to $1.75 trillion (about 1700 trillion to 2380 trillion won).

This falls far short of the corporate value of ‘close to $2 trillion’ that was originally mentioned.

A large investor in Antropic said, “I think we will set the price very conservatively and start with around $1.5 trillion, and then increase the value.” Other institutional investors predicted about $1.3 trillion.

Market research firm Vital Knowledge pointed out, "As AI-related stocks continue to sell off, Antropic's IPO is becoming more difficult. This means securing funds for facility investment is becoming more difficult, which could eventually lead to a vicious cycle that triggers additional selling."

According to investors, CEO Dario Amodei is showing his will to push ahead with the IPO even if the corporate value decreases.

“This is just a milestone in the whole process,” said one early investor. “Like any other fundraising, an IPO should be viewed as a means to an end.”