Market debut of AI company behind Claude chatbot will be one of largest in US history, a test of its financial viability
Anthropic has publicly filed for a stock market listing, one of the largest debuts in history. The company’s float on the US market is likely to be a high-water mark in the multitrillion-dollar AI boom and a test of its financial viability.
Analysts and investors have valued the San Francisco-based company, founded in 2021, at more than $1.5tn. The company, which will will list under the symbol ANT, confidentially filed with US financial regulators for an initial public offering in June.
With the recent changes to the way IPOs work (signed sometime in 2008 or 2009 I believe), the point is never for the public to make money on an IPO. It used to be that you were “getting in on the ground floor” in an IPO. Now, by the time something does an IPO it is because PE investors are tired of holding the bag. IPOs are everyone’s exit strategy.
All of the “rapid growth” of a company now happens while it’s still private. Only the employees, owners, and PE investors make money with it working this way. Retail / public investors are left as the bag holders in a giant pump and dump scheme.
Oh, so after the last time they rigged it all and sipped champagne while people protested their retirement plans going up in smoke, they made sure the next time they did it they could take every last penny, too.
Disgusting.