According to the report, cited by TechCrunch, Anthropic plans to set its valuation range this week and begin trading on Thursday or Friday of next week. The decision comes shortly after one of the Nasdaq's biggest sell-offs, and as the affair surrounding Nvidia CEO Jensen Huang rattles chip and AI stocks.
According to the Journal, some institutional investors are pushing for a valuation below the $1.5 trillion target discussed as recently as last week. That target was itself well below the $2 trillion floated a few months ago. Rival OpenAI was valued at $1.25 trillion last week after raising $11 billion, short of the $20 billion it had initially sought.
The final valuation range and the size of the offering have not yet been published, and the listing will be seen as a test of investor demand for AI companies.