Anthropic Set to List on Nasdaq After IPO
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Author: Bloomberg Television · Watch on YouTube
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Original language: English
Original video: Anthropic Set to List on Nasdaq After IPO · Channel: Bloomberg Television · 02:05 · Watch on YouTube
Topics: Markets and economy
Summary
Section titled “Summary”Anthropic has chosen Nasdaq as its planned listing venue, a move the interviewee says was widely expected because inclusion in Nasdaq indexes could generate substantial index-related demand. The IPO was once expected as early as this month, but the timeline has slipped, with a listing now expected no earlier than next month. Anthropic has held informal, behind-closed-doors investor meetings, while its financials have not been publicly filed or widely distributed. A later IPO could coincide with a crowded year-end calendar, though third-quarter metrics may help support the company’s target valuation. The amount Anthropic might raise remains speculative, with SpaceX’s IPO serving as a benchmark.
Key points
Section titled “Key points”- Anthropic has selected Nasdaq as its planned listing venue.
- Rapid inclusion in Nasdaq indexes could create tens of billions of dollars in index-related demand.
- The choice of Nasdaq was described as unsurprising.
- The IPO timeline has slipped from expectations that it might happen this month.
- The interviewee expects the IPO no earlier than next month, while still anticipating it this year.
- Anthropic has held informal investor meetings behind closed doors.
- The company has not yet filed its S-1 publicly, so its financials are not widely distributed.
- A later IPO could run into the midterm election and a compressed year-end calendar.
- Third-quarter performance metrics may help support Anthropic’s desired valuation.
- The possible fundraising amount remains speculative, with SpaceX’s IPO cited as a benchmark.
Chapters
Section titled “Chapters”| Start | Chapter | Summary |
|---|---|---|
| 00:00 | Nasdaq listing choice | The interview discusses Anthropic’s choice of Nasdaq and the potential index-related demand that could make the venue attractive. |
| 00:30 | IPO timeline slips | The IPO is no longer expected as early as this month, with the interviewee saying next month is the earliest likely timing. |
| 01:03 | Investor meetings and public filing | Anthropic’s investor meetings have been private, and the company has not yet publicly filed its S-1. |
| 01:34 | Valuation and fundraising speculation | The discussion covers possible timing challenges, the role of third-quarter metrics, and speculation about a raise benchmarked against SpaceX. |
Quotes
Section titled “Quotes”it’s picked the NASDAQ as a listing venue. — 00:00
can generate like tens of billions of dollars of index-related demand. — 00:00
I think we’re not going to see it till next month at the earliest. — 00:30
These have been meetings have been happening behind closed doors — 01:03
the timeline’s stretched a little bit — 01:34
Concepts and entities
Section titled “Concepts and entities”Anthropic, Nasdaq, IPO, S-1, SpaceX
Full transcript (original language)
Section titled “Full transcript (original language)”00:00 The latest on an IPO for Anthropic is that it’s picked the NASDAQ as a listing venue. I mean, how much closer does that get us? >> Well, I think it would have been widely expected that Anthropic would pick NASDAQ as a listing venue because for larger companies that are going to be, you know, among the top 40 or 50 companies in the market, getting that getting that very rapid inclusion into the NASDAQ indexes is a really big benefit and can generate like tens of billions of dollars of
00:30 index-related demand. So, that’s a real benefit that NASDAQ has in its pitch to Anthropic over in NYC. So, I don’t think there’s a huge surprise there. I think the interesting thing is that uh obviously, maybe even just a few weeks ago, we were expecting Anthropic to potentially go public even in this month, but you know, the [snorts] things seem to have been a little bit delayed and you know, there still seems to be an expectation that Anthropic will go public this year, but the timeline’s stretched a little bit and I think we’re not going to see it till next month at the earliest. >> Yeah, we have yet to see that public S-1 filing. We do know, Anthony, based on
01:03 your reporting that it’s been holding informal meetings with investors. Have we heard anything about what’s come out of these meetings? >> Uh yeah, I mean, there’s different I don’t think it’s been these these have been wide meetings. These have been These are meetings have been happening behind closed doors and I think a lot of investors haven’t quite seen the company yet. So, you know, I think they’re keeping things pretty close to their chest, but the fact that, as you point out, that Anthropic hasn’t actually filed publicly yet means that you know, obviously, the financials are not widely distributed out there and you know, it may be that if we’re looking at
01:34 an IPO that more moves into October or even later, obviously, it starts to push up against things like the midterm election and just a compressed calendar in the final few months of the year, but then, you know, they will would be able to put out some more metrics based on their third quarter performance, which may serve a purpose for supporting the valuation they’re seeking. >> All right. And just very quickly, they still plan to raise about as much as SpaceX did in its IPO, right? That’s still kind of the benchmark. >> Well, I think this is still a subject of a lot of speculation at the end at the end of the day. So, I’m reluctant to stick my neck out, but but I think
02:05 generally speaking, we still believe that.