Anthropic Is Targeting a Valuation of Over $2 Trillion in Its IPO. Here's Why Smart Investors Will Wait Before Buying
History suggests waiting before buying IPO stocks.
Overview
Space Exploration Technologies smashed IPO fundraising records in June when it raised $85.7 billion at a $1.77 trillion valuation. In a few months, Anthropic is looking to top this figure.
According to reports from various financial media sources, the rapidly growing artificial intelligence (AI) lab Anthropic wants to IPO at a $2 trillion valuation and raise a record $100 billion in the process. For context, this is a larger figure than the entire IPO proceeds marketwide in every year except 2020 and 2021.
Details
A lot of investors are going to want a piece of the shiny AI prize. Smart investors will show restraint. Here's why it will be a better move to hold off on buying Anthropic stock at the IPO, according to history.
Source
Originally published at www.fool.com.