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Anthropic Approaching $2T IPO

Anthropic Approaching $2T IPO

Anthropic, the developer of the "Claude" chat model, announced that it is approaching a possible initial public offering (IPO) on Wall Street valued at approximately two trillion dollars. The company expects to submit its IPO application within the coming days. Morgan Stanley is likely to lead the offering, while Goldman Sachs may serve as the underwriter to stabilize the stock, making it one of the largest IPOs in U.S. market history. Despite the company's strong growth over the past year, July revenues came in below expectations amid increasing competition from companies like OpenAI. Trading is expected to begin in late September or early October.

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