Anthropic plans to price its IPO between $70 and $78 per share, raising about $64.4 billion before a $26 billion private placement involving its compute suppliers. Its fully diluted valuation could reach $1.405 trillion, compared with a basic market capitalization of $916 billion to $1.02 trillion. The offering could drain roughly $12.9 billion earmarked for retail investors, although the private placement would not affect public market liquidity. If the pattern seen during SpaceX’s listing repeats, Bitcoin could fall another 5% or so before the November 19 trading debut, while its effective bottom may already be close.
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