It is also unclear how much money the company and its owners want to raise from shares sold in connection with the IPO.
By choosing Nasdaq, Anthropic is taking a back seat to Elon Musk’s space and AI company SpaceX, which was listed on the Nasdaq stock exchange in June rather than on the rival New York Stock Exchange.
Flags for major investments
In the prospectus, the company writes, among other things, that it suffered a loss of $81 billion in the first half of this year. The prospectus also flags investment commitments of almost $800 billion over ten years.
As recently as August, media speculation had been rife that Anthropic would be worth around $2 trillion. However, current Anthropic owners are now expecting a valuation of between $1.5 trillion and $1.7 trillion, the Financial Times reports.
According to the newspaper, the timing of the prospectus points to the actual listing taking place sometime in November.
AI extremely hot
According to Carl-Henrik Söderberg, a savings economist at Nordnet, the announcement of an impending listing comes during a year in which AI has been “incredibly hot.”
Everyone expects a horrible valuation.
Then you could say that there has been a certain AI craze recently, he says.
What has made the market somewhat hesitant about AI recently is the enormous sums that AI companies are plowing into investments - to be first in the technology race - while at the same time incurring large losses.
This, combined with higher interest rates that make it more expensive to finance investments and ultimately what return you will get on these investments, has created the chill, says Carl-Henrik Söderberg.
SpaceX has had a rocky stock market ride since its listing. Carl-Henrik Söderberg expects it will be similar for Anthropic.
Created headlines
Ahead of its upcoming IPO, Anthropic has made headlines for raising questions about the safety of AI development. The Wall Street Journal highlights how a former Anthropic developer, Jason Coxon, warned that development is happening so quickly that humans will soon lose control of AI.
A top researcher at Anthropic, Evan Hubinger, subsequently wrote in a post on X that he sees a 10 percent probability that AI will kill all humans within ten years.
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