Anthropic’s record IPO promising Australian investors mega rewards, but real risks | The Business
It’s the centrepiece of the AI revolution.
AI giant Anthropic’s upcoming IPO is expected to be the biggest-ever, with a valuation of $1.5 trillion.
The maker of AI assistant Claude is yet to turn an annual profit, but it’s asking the market for roughly $100 billion.
Anthropic says it’s tapping investors to build cloud computing infrastructure, AI training chips, and data centre capacity.
Locally, investment bank Macquarie’s managing the Australian leg of the float to give investors at home a slice of the pie.
The roadshow is expected to kick-off late next week with Anthropic hitting the NASDAQ by November 16.
Yorkville Ives & Co. partner, Dan Ives says this is a watershed moment for global artificial intelligence. Joining The Business from New York.
“I think Anthropic, being that they’re the centerpiece of the AI revolution, you’re going to see probably a strong appetite for this offering, just given the role they play in this build out over the coming years,” he says.
“Right now it’s about, I’ll say year three of an 8 to 10 year build out.”
While Floodlines Research founder Anna Wu says the Anthropic float is the adrenalin shot the market has been waiting for.
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