Anthropic's bankers are considering raising the artificial intelligence firm's initial public offering price above its initial $70 to $78 per-share range after receiving strong investor demand, potentially increasing its valuation to $1.5 trillion or more, the Financial Times reported Tuesday, citing people familiar with the matter.
The higher pricing could also push total proceeds above $100 billion, the report said.
Three of Anthropic's backers told the FT the company is focused on raising as much capital as possible to fund its significant spending on computing power, rather than maximizing its IPO valuation.
Anthropic did not immediately respond to MT Newswires' request for comment.
Strategic partners including Google (GOOG, GOOGL), Nvidia (NVDA) and Microsoft (MSFT) will also invest a combined $26 billion through a private placement at the IPO price, Anthropic disclosed in a Tuesday filing.
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