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Anthropic enters Wall Street with $2T valuation
Anthropic, the developer of the chat robot "Claude," is nearing an initial public offering (IPO) on the New York Stock Exchange that could value the company at over two trillion dollars, making it larger than SpaceX's valuation of 1.78 trillion dollars. The IPO documents are expected to be filed in the coming weeks, with marketing and trading anticipated to begin in late September or early October, though the timetable may change. Morgan Stanley will lead the underwriting, while Goldman Sachs will serve as the stabilization agent, with other banks such as J.P. Morgan, Citi, and Barclays participating in financing and potential revenue generation for investors. The offering faces challenges from declines in AI sector stocks and market volatility, with revenues of $65 billion for the fiscal year ending July—below the higher expectations of over $80 billion—amid increasing competition from OpenAI, which is also preparing for a possible IPO.
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