Creator of Claude worth $1.4 billion, Anthropic reveals details of gigantic IPO

Anthropic plans to offer 825 million shares at $70 to $78 each in its upcoming IPO, aiming for a valuation of up to $1.405 trillion. The company has secured $26 billion in private placements from major tech firms like Nvidia and Google. Despite reporting a net loss of $104 billion, Anthropic's revenue surged by 1200% year-over-year, reaching $33.24 billion. The launch of new AI models, Claude Fable 5.2 and Claude Mythos 5.2, is expected to enhance its market position. The IPO is set for November 18, with trading starting on November 19 under the symbol "ANT."