Anthropic eyes November IPO, putting spotlight on S. Korea's SK Telecom
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Oct. 2 (Asia Today) -- Anthropic, the developer of the Claude artificial intelligence models, is preparing for an initial public offering as early as mid-November, drawing attention to South Korea's SK Telecom, which has invested in the U.S. AI company and maintains a business partnership with it. Bloomberg reported Thursday, citing people familiar with the matter, that Anthropic could begin actively marketing an IPO as early as the week of Nov. 9, potentially allowing its shares to begin trading before Thanksgiving. Potential investors have discussed a valuation ranging from $1.8 trillion to $2 trillion. A $2 trillion valuation would put the offering among the largest IPOs ever contemplated. SK Telecom is among the South Korean companies with an equity investment in Anthropic. The exact size of its total investment has not been disclosed, although some estimates put it at around 270 billion won ($200 million). SK Telecom invested $100 million in Anthropic in 2023 and is known to have made additional investments. An IPO could provide a clearer market valuation for SK Telecom's stake in Anthropic and potentially give the telecommunications company an opportunity to realize gains. SK Telecom CEO Jung Jae-hun, however, recently said the company has no immediate plans to sell its stake. "SK Telecom is not facing financial difficulties, and there are areas where we will continue...
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