Anthropic targets $1.4 trillion IPO

Anthropic confirmed on Tuesday that its IPO could be one of the biggest ever, even while falling short of previous expectations. Its IPO price is expected to be between $70.00 and $78.00 per share, which would put its valuation as high as $1.4 trillion, according to the New York Times. The Wall Street Journal reports that according to its sources, Anthropic is "aiming for its shares to start trading Thursday or Friday next week."

As Reuters notes, the Anthropic IPO was previously expected to be valued at as much as $2 trillion. As of last week, Anthropic's rival OpenAI was valued at $1.25 trillion.

The initial public offering price is exp …

Read the full story at The Verge.