bitcoin
Morning Minute: What Anthropic’s $1.4 Trillion IPO Means for Crypto
Hint: if it plays out similarly to the SpaceX IPO, it means the Bitcoin bottom is very close.
Image: Decrypt/AnthropicCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.
And check out our daily news show 'FOMO HOUR' covering all of the top stories and market action. 💵 What Anthropic’s $1.4 Trillion IPO Means for Crypto Several key new details for Anthropic’s pending IPO were released on Tuesday. The IPO price range was set at $70 to $78 a share, selling 825 million Class A shares to raise about $64.4 billion (at the top of the range).
Pricing is expected November 18, with trading starting November 19 on Nasdaq under ANT. Roughly 20% of the deal is set aside for retail, which is about double what a book this size usually gives individual investors.
At the range, Anthropic is worth $916 billion to $1.02 trillion on basic shares, or up to $1.405 trillion fully diluted. In September the company was reportedly eyeing $2 trillion.
