Key Points
Anthropic, an artificial intelligence start-up, is preparing for an initial public offering (IPO) expected in September or early October, following Space Exploration Technologies’ public debut in June. Valued at $965 billion from its last funding round, Anthropic could rival SpaceX’s IPO for investor attention. Executives are currently meeting with potential investors to build confidence ahead of the offering.
The IPO market has seen notable volatility recently; for instance, SpaceX’s stock opened at $150 and closed at $160.95 on its first day, reflecting a 7.3% gain for retail investors after hurdles in filling orders. However, the stock later peaked at $225.64 before falling to $104.83, emphasizing the potential risk for hurried investments driven by hype.
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