AI developer Anthropic is moving toward a Nasdaq IPO aiming to raise up to $64 billion, with shares priced between $70 and $78.
The listing comes as the broader market weighs heavy spending on AI infrastructure and shifting political conditions.
The company, which is currently making losses, announced that the price for each of its shares will range between $70 and $78. The official process of selling the shares to the public is expected to take place within the month.
The market situation
The move comes at a time of volatility for AI companies. Following the recent midterm elections in the United States, the Nasdaq stock market fell sharply on concerns that a Democratic-led Congress could slow the development of the technology and the construction of infrastructure, such as data centers.
At the same time, there are broader concerns in the market about the billions of dollars being invested in the sector and whether these investments will pay off.
What do analysts say?
Fiona Cincotta, a market analyst at City Index, described Anthropic's asking price as "very optimistic" given the recent volatility and concerns. Speaking to Reuters, she said the move shows the company is optimistic about the future and believes there will be the demand it needs.
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