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The Defiant

Anthropic’s $1.4 Trillion IPO Target May Rise: Report

By The Defiant Team

The Nov. 10 share-price range implied a valuation of about $1.4 trillion. Bloomberg subsequently reported, citing the Financial Times, that bankers were weighing $1.5 trillion or more.

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Initial public offering

The first sale of a private company's shares to the public, after which the shares trade on a stock exchange.

An IPO raises money for the company and lets early owners and investors sell part of their stake.

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