Business · Companies · 4 hrs ago

Anthropic IPO plans draw investors amid tech market uncertainty

Anthropic IPO plans draw investors amid tech market uncertainty

Anthropic is preparing for a possible stock market listing in November, according to people familiar with its plans.

The company is a leading artificial intelligence developer, and investors have discussed a possible valuation of up to $1.5 trillion.

It expects to disclose a prospectus near the end of October, though the timetable could change.

The planned listing comes as other technology IPOs are being delayed or dropped, amid higher interest rates and volatile markets.

Some AI infrastructure companies have faced investor concerns about their spending and the durability of demand for the technology.

Anthropic’s appeal is being tested against concerns about AI competition and safety, including the rise of open-source models.

If the current plan holds, investors are expected to begin trading the company’s shares during the week of November 9.

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