Anthropic Eyes Mid-November IPO Amid Rising Oil Prices
Anthropic is reportedly considering an initial public offering (IPO) as soon as mid-November, potentially allowing the artificial intelligence model maker to begin trading before the Thanksgiving holiday. According to Bloomberg News, people familiar with the matter stated that the company could start formal IPO marketing as early as the week of November 9.
The valuation of Anthropic is reportedly between $1.8 trillion and $2 trillion, which would match or exceed the size of SpaceX's IPO. The company is expected to go public by the end of the year, although the timeline could change.
Gold prices rose after softer US inflation data reduced expectations for an October Federal Reserve rate hike. Spot gold increased 0.49% to $4,176.16 an ounce, while US gold futures for December delivery settled 0.54% higher at $4,209.20.
Oil prices jumped more than 4% a barrel as concerns over global fuel supplies intensified. December Brent futures settled at $102.46 a barrel, up 4.54%, while US West Texas Intermediate futures ended at $93.17, up 3.04%. The increase in oil prices contributed to volatility in longer-dated Treasury yields.