AIThe Next Web27 minutes ago
Anthropic IPO Oversubscribed as Founders Sell $1.75bn
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Anthropic's initial public offering is reportedly oversubscribed with orders for several times the shares on offer. The seven co-founders sell 23,648,646 shares totaling $1.75bn. The deal prices on 18 November after a valuation potentially rising to $1.5tn. Adjusted operating margin fell to 15% from 19% due to compute costs.
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