Anthropic sets IPO price range valuing it at up to $1.4tn

The updated prospectus, the first version of which dated from 26 October, now gives the size and valuation of the offering, Handelsblatt reports. Reuters calculations put the valuation at up to $1.02tn, or $1.4tn when all employee stakes are counted. Management began a global roadshow on Tuesday, 10 November, and the price is to be set next week. In the US the range is only a guide, so the final price can land above or below it. Handelsblatt notes lingering doubts over whether largely debt-financed AI investments will pay off, especially as interest rates rise.