Anthropic plans to price its shares between $70 and $78 on November 18, before trading begins on the Nasdaq the following day under the ANT ticker. The range, which translates into a reported valuation of between $1.26 billion and $1.41 trillion, falls well short of the roughly $2 trillion projected during the summer and keeps the company from claiming SpaceX’s IPO record. According to several experts, this conservative approach could lower investor expectations and leave room for a post-listing rally. Anthropic could nevertheless raise as much as $94 billion to fund compute commitments approaching $1 trillion, while quarterly revenue reached $17 billion but sequential growth slowed. The company also faces political risks affecting data-center construction, although some investors believe its technological advances and recent product launches do not indicate any weakening in its business.
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