Anthropic targets $1.4 trillion IPO

Anthropic confirmed on Tuesday that its IPO could be one of the biggest ever, with an expected price of $70.00 to $78.00 per share that would put its valuation as high as $1.4 trillion, according to the New York Times. The Wall Street Journal reports Anthropic is aiming for its shares to start trading Thursday or Friday next week, and the company has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol "ANT." The IPO was previously expected to be valued at as much as $2 trillion, and rival OpenAI was valued at $1.25 trillion as of last week.