Status Of Anthropic IPO As AI Fears Mount

Summary

Anthony Hughes of Bloomberg joins Scarlet Fu on Bloomberg Deals to discuss Anthropic's IPO preparations. Anthropic has picked Nasdaq as its listing venue, with Nasdaq's rapid index inclusion seen as a major draw for large IPOs. The IPO timeline has slipped, but the company is still expected to go public this year, possibly next month or later, and the size of the raise remains speculative, with SpaceX cited as a benchmark.

• Anthropic has selected Nasdaq as its planned IPO listing venue.
• Nasdaq's rapid index inclusion is viewed as valuable for large IPOs, potentially generating tens of billions in demand.
• Anthropic has not yet publicly filed its S-1 and is holding private investor meetings.
• The IPO timeline has slipped; the earliest possible listing may be next month, but the company still aims to go public this year.
• A later IPO would run into midterm elections and a compressed year-end calendar.
• Waiting could allow Q3 financials to support the valuation Anthropic is seeking.
• Anthropic's targeted raise is still speculative but is benchmarked against SpaceX's IPO size.