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Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion

CN
CitrixNews Staff
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Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion

Anthropic intends to push ahead with its IPO despite shakier markets and the broader pullback from AI investing.

The Claude-maker said in an updated IPO filing on Tuesday that it would be offering a total of 825 million Class A shares at an estimated price range of $70 to $78 per share. The sale is expected to raise anywhere from $57.75 billion to $64.35 billion.

Originally reported by TechCrunch. Read the full story at the original source.