Anthropic targets $1 trillion valuation in blockbuster Nasdaq listing

Anthropic built its business selling the Claude family of models to enterprises and developers, competing directly with OpenAI's ChatGPT and Google's Gemini. Unlike OpenAI, which still operates as a hybrid nonprofit-capped-profit structure, Anthropic is filing to list on Nasdaq as a conventional public company. The move follows a run of private AI financing rounds that pushed valuations into the hundreds of billions before any of these labs faced the scrutiny of public markets.

With the roadshow underway, roughly 4,250 Anthropic employees holding years of stock compensation can finally convert paper wealth into tradeable shares, some into seven-figure sums once trading starts under the ticker ANT. Wall Street underwriters, including Goldman Sachs, Bank of America, JPMorgan, Wells Fargo and Bank of New York Mellon, are competing for mandates tied to one of the largest offerings on record. Retail buyers face a $70-to-$78 entry price, pricing out investors who missed Anthropic's earlier private rounds.

A $1.4 trillion valuation lands at a moment when broader AI enthusiasm is cooling, testing whether public markets will reward growth assumptions the way private venture rounds already have. Anthropic's governance structure, which limits outside shareholders' influence over strategic decisions, raises a familiar question for AI listings: investors are being asked to fund a company they cannot meaningfully steer. That trade-off between growth and control is likely to recur as more AI labs weigh following Anthropic to market.

The real test comes next week, when Anthropic prices and debuts on Nasdaq under the ticker ANT. Whether the final price lands at the top of the $70-to-$78 range will decide if the $1.4 trillion fully diluted valuation holds, or whether demand pulls it lower once trading opens. Order books are said to already cover the 825 million shares on offer, but first-day trading will be the real verdict. (per aljazeera.com)

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market

The total crypto market fell 0.7% in the 4 hours after the first headline, after rising 0.2% in the 2 hours before.

43 prices, one every 30 minutes