Anthropic's IPO will not break SpaceX's record

Anthropic, an AI company, plans to go public but at a lower valuation than anticipated. The company will sell 825 million shares priced between $70 and $78 each, aiming to raise between $57.75 billion and $64.35 billion. This is significantly less than the expected $80 to $100 billion. The IPO comes amid investor caution regarding AI investments, influenced by recent political developments. Anthropic has reported substantial losses and highlighted AI risks in its prospectus. The IPO date is yet to be announced, but it is expected soon, with analysts predicting a total valuation of $1.4 trillion, down from earlier estimates of $1.75 trillion.