Anthropic CEO on IPO: Doesn't care about listing month or market conditions, emphasizes "underpromise, overdeliver"
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Dongcha Beating AI News Flash: Anthropic CEO Dario Amodei said during a fireside chat with JPMorgan CEO Jamie Dimon at the bank’s New York headquarters on Friday that the company is not particularly focused on the specific month or market conditions for its IPO, stressing that Anthropic aims to adopt an "under-promise, over-deliver" strategy. Amodei noted that he agrees with the advice that the company’s valuation should not exceed its intrinsic value by even $1. Amid recent sharp volatility in the AI sector and pressure on tech stock valuations, Anthropic is taking a cautious approach to its IPO pricing. According to reports, Anthropic’s current target valuation is around $1.33 trillion or higher, with plans to issue 825 million shares at a price range of $70 to $78 per share. At the midpoint of the price range, the offering would raise over $61 billion. Additionally, investors including Google plan to inject around $26 billion via a private placement. Amodei also admitted that computing power investment is the "most profound business challenge" facing the company, as massive spending on computing resources continues to weigh on its finances.
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