The IPO will decide where the AI trade goes next. But the CEO’s pitch – “my company could kill you, please buy my shares” – matters well beyond markets.
Make no mistake. The Anthropic IPO will be the ultimate market referendum on artificial intelligence, and it is one that will resonate beyond financial markets.
This is not just about the ability of AI to generate incredible returns for investors – although that matters hugely for the short- and medium-term outlook of your portfolio and superannuation savings.
Gift articles to anyone you choose each month when you subscribe.
Compare how 6 other independent news outlets reported on this story.
There are two potential catalysts next week that could either revive or help snuff out the tech recovery.
Bloomberg says the Anthropic IPO has drawn several times the orders on offer, as the founders sell $1.75bn and Europeans get to buy in.
It’s expecting to set its final IPO share price the day before that. Earlier this week, Anthropic said that price would likely be between $70 to $78 per share, putting its valuation as high as $1.4 trillion. [Link: Anthropic’s Initial Public Offering | https://ipo.anthropic.com/us/ | Anthropic]
Each of the seven co-founders plans to sell exactly the same number of shares in the IPO, which would bring each of them about $250 million in cash at the midpoint of the price range while leaving the group in control of the company.
Latest example of the AI boom’s circular financing comes as AI trade wobbles.
AI giant Anthropic is offering shares to Australian investors. What should you consider before buying in?
