Anthropic plans to offer 825 million Class A shares for between $70 and $78 each, which could give the company a fully diluted valuation of $1.405 trillion. The estimate is a sharp increase from the $965 billion valuation announced during a funding round in May. The company is expected to price the offering on Nov. 18 before making its public market debut the next day. Jim Cramer said the IPO could stabilize AI-related stocks, which have been pressured by concerns about infrastructure spending, Nvidia and interest rates.
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