Anthropic said to push ahead with IPO, trading targeted for next week

Anthropic reportedly plans to move forward with IPO plans

Anthropic is reportedly continuing its IPO, with a valuation range due this week and trading planned for next Thursday or Friday. The Wall Street Journal says some institutional investors want a valuation below the $1.5 trillion target discussed last week, itself down from $2 trillion floated months earlier. Rival OpenAI reportedly raised $11 billion last week at a $1.25 trillion valuation, short of the $20 billion it first sought.

Why it matters: Anthropic's listing is moving forward, but some institutional investors want a valuation below the $1.5 trillion target discussed last week, so pricing faces downward pressure.