Is Anthropic's IPO Priced to Pop?

Anthropic kicked off its IPO roadshow, with bankers already eyeing a higher price, and launched Claude Sheets, Meetings and Whiteboards to take on Microsoft and Google. Nvidia hired Wachtell to probe Jensen Huang; Ring unveiled security robots, and Reddit launched Reviews.

• Anthropic launches its IPO roadshow, saying the company and shareholders plan to sell 825M Class A shares at $70 to $78 each, listing on the Nasdaq under ANT (Anthropic)
• Anthropic plans to push ahead with its IPO later this month despite AI market volatility, aiming to start trading Thursday or Friday next week, with some investors now pushing for a lower valuation (WSJ)
• Anthropic’s bankers are weighing raising the IPO price above the $70-$78 range after heavy investor demand, which could lift the valuation to $1.5tn or more and the raise past $100bn (FT)
• Anthropic unveils office tools, including a video call assistant, a data dashboard, and spreadsheet service Claude Sheets, competing with Microsoft and Google (Bloomberg)
• Anthropic unveils Claude Meetings, Sheets, and Whiteboards, plus interactive connectors that embed apps like HubSpot, Adobe, and Atlassian inside Claude, with Claude Data now generally available (The Verge)
• Nvidia hires former acting US attorney Joon H. Kim and his law firm Wachtell Lipton to conduct a probe into Jensen Huang’s affair with an alleged Chinese spy (The New York Times)
• Jensen Huang and Alice Huang’s relationship dates back to at least 2023, facilitating $7.5B+ in Nvidia chip shipments via Chinese companies since then (The Information)
• Amazon’s Ring unveils the $249 Ring Drone Cam and the $999 Ring Rover Cam, both using its AI Pilot to navigate interior spaces, under new subbrand Ring Robotics (ZDNet)
• Ring launches a home security drone that flies room to room and a roving enterprise security robot, both run by its AI Pilot system (TechCrunch)
• Reddit launches Reddit Reviews, a built-in hub using AI to turn subreddit comments into product pages with pros, cons, and sentiment, starting with 10K items (The Verge)

AvidXchange is a licensed money transmitter for B2B payments in the United States, licensed as a Money Transmitter by the New York State Department of Financial Services, as well as all other states that require AvidXchange to have a license.

Learn more about your ad choices. Visit megaphone.fm/adchoices