Anthropic targets $90 billion IPO at $1.4 trillion valuation

New York: Anthropic PBC is seeking a fully diluted valuation of about $1.4 trillion in its initial public offering, in a bid to make history as the first frontier artificial intelligence lab to go public.

The Claude chatbot maker and its co-founders are seeking to raise as much as $90.4 billion in the IPO and a private placement. The base offering would raise up to $64.4 billion, with shares marketed for $70 to $78 each, according to a filing on Tuesday with the US Securities and Exchange Commission. Anthropic is offering 801.4 million shares, while backers are selling 23.6 million shares.