Anthropic?can begin formally marketing its much-anticipated IPO as early as Tuesday, enabling it to make the case to investors that now is the right time to go public despite last week’s swoon in artificial intelligence-related stocks.
The gyrations of the past week briefly sent the Cboe Volatility Index, known as the fear gauge, above 25. That’s a zone in which companies typically postpone their IPOs, said Matt Kennedy, senior strategist at IPO research firm Renaissance Capital.
The size of Anthropic’s IPO and its investment case may put it in a different category to the average listing, Kennedy said. Anthropic is targeting an offering as big as SpaceX’s in its record-setting debut, or bigger, Bloomberg News reported.
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