Denglin falls, Xinde rises in Hong Kong trading debuts
The Chinese chip companies raised a combined HK$2.36 billion through their initial public offerings.
Anthropic advances IPO plans as investors seek lower valuation
Some institutional investors want a valuation below the previously discussed $1.5 trillion target, according to a media report.
Anthropic is proceeding with plans for an initial public offering and intends to establish a valuation range before its trading debut, according to a media report. The listing preparations come after a sharp Nasdaq sell-off.
Some institutional investors are pressing for the company to be valued at less than $1.5 trillion, the report said. That target was already lower than the $2 trillion figure discussed earlier.
The planned offering follows a fundraising round by Anthropic’s main competitor, OpenAI. The ChatGPT developer reportedly obtained $11 billion in new funding at a valuation of $1.25 trillion. OpenAI had initially sought to raise $20 billion, leaving the amount raised below its original goal.