Anthropic's IPO Will Lead to Windfall Profits for These 3 Early Investors
Three brand-name companies that put capital to work in the developer of the Claude large language model in 2023 (and beyond) are sitting on jaw-dropping investment gains.
Overview
Move over, artificial intelligence (AI) -- initial public offering (IPO) mania is taking over Wall Street. Roughly four weeks ago, Elon Musk's Space Exploration Technologies (SpaceX) etched its name in the record books when it debuted, raising $85.7 billion (including the underwriters' overallotment) and nearly tripling Saudi Aramco's capital raise in December 2019.
Anthropic appears to be next. The developer of the Claude large language models is approaching a trillion-dollar valuation in private markets and confidentially filed for an IPO with regulators on June 1. When Anthropic does go public, three of its earliest investors, Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), Amazon (NASDAQ: AMZN), and Zoom Communications (NASDAQ: ZM), will be sitting on windfall profits.
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Originally published at www.fool.com.