WSJ: Big investors want Anthropic’s IPO priced at $1.5T to $1.6T, below the nearly $2T discussed ...

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According to the Wall Street Journal, major investors want Anthropic's upcoming IPO priced between $1.5 trillion and $1.6 trillion, falling short of the nearly $2 trillion previously discussed. The adjustment follows an amended prospectus showing that while Q3 revenue reached $17 billion, expenses rose faster due to massive short-term compute purchases, resulting in an operating loss. Some investors are reportedly relying on finance chief Krishna Rao to price the debut conservatively to allow for a first-day market jump. Open article →

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