Anthropic Targets $1.4 Trillion Valuation in Blockbuster IPO
- Anthropic's deal: up to $90.4B raised, $70-$78 range, Nvidia in for a $10B private placement
- Retail expected to take 15-20% of the deal; Dario Amodei and Jamie Dimon to headline an IPO livestream
- Deutsche Bank's Matt Luzzetti now sees three more 25bp Fed hikes after hot CPI
- WEX CEO: fuel prices up 43% year over year, AI-driven fraud attempts up 12x since 2022
Nvidia is writing a $10 billion check into the first frontier AI lab to go public while its own board hires outside counsel for a probe, and JPMorgan is fronting the roadshow stage. Deutsche Bank is now calling for hikes in December, January and March, which is the opposite of what this IPO's pricing assumes.