Anthropic IPO six times oversubscribed as AI firm targets record $1.4 trillion valuation

Anthropic is receiving high interest for its initial public offering, potentially raising around $90.4 billion.

The company plans to sell 825 million shares at a price range between $70 and $78 each.

Nvidia has committed to purchasing shares as part of the private placement while several tech giants are also involved.

Anthropic reported a revenue run rate of $81 billion as of October 31, reflecting substantial growth.

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Source attribution: Times of India – Business.

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