Anthropic Plans Mega IPO – On the Same Exchange as SpaceX
Article excerpt
Highlighted: the sentence this signal was extracted from
Anthropic has chosen Nasdaq for its upcoming IPO – after SpaceX was only recently listed on the exchange. This continues Nasdaq's streak of successful tech IPOs and challenges the NYSE's historical dominance in large IPOs. Anthropic's IPO plans are becoming known amidst a debate about the safety risks of AI, which is being driven, among others, by former Anthropic employees. Anthropic has chosen the New York stock exchange Nasdaq as the venue for its possible IPO, according to a person familiar with the plans. The company, which is aiming for a listing in October, thus provides Nasdaq with another major success, according to a person familiar with the matter. Nasdaq had already secured the coveted listing of SpaceX earlier this year. SpaceX was valued at 1.75 trillion dollars, and some estimates put Anthropic's value at two trillion dollars – although this figure is not yet final. The record size of these IPOs has made the competition for the companies particularly valuable – also because there have been few tech IPOs in recent years. Both exchanges want to be perceived as the preferred trading venue for future AI IPOs. Anthropic is preparing its IPO at a time when OpenAI CEO Sam Altman says his company would not go public currently given the controversy surrounding existential threats from AI. The risk received even more attention last week after a tweet from a former...
Keep reading with a free account
The rest of this article, and every signal for Nasdaq, is in your free account.
