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    STARTUP IPOS IN 2021

    Anthropic IPO buzz: CFO Krishna Rao’s stake could be worth $703 million as AI firm eyes $1.4 trillion valuation

    Anthropic CFO Krishna Rao's stake in the Claude chatbot maker could be worth approximately $703 million as the AI startup targets a $1.4 trillion valuation through its proposed IPO. The company plans to raise up to $90.4 billion through the public offering and a concurrent private placement.

    Anthropic's IPO: A close look at AI frontrunner's rapid growth, spiraling costs

    Anthropic aims to raise up to $64.4 billion in an upcoming IPO, representing a significant market debut. The company plans a valuation of up to $1.02 trillion, showcasing its ambitions in AI. Founded by former OpenAI researchers, Anthropic's revenue has rapidly surged with enterprise adoption of its AI models. While facing substantial operating losses, the company remains committed to its substantial infrastructure investments.

    Premji's deeptech bets; Razorpay gets IPO nod

    Happy Thursday! Premji Invest is stepping up its bets on defence and aerospace manufacturing.This and more in today’s ETtech Morning Dispatch.

    When is Anthropic IPO? Tom Brown leads seven co-founders with $24 billion stake as founders pledge 80% of their wealth but could still retain control

    Anthropic IPO: AI giant Anthropic filed for an IPO on Monday and is reportedly aiming to go public by the end of November. Anthropic’s IPO could make its seven co-founders billionaires, with Tom Brown holding the largest stake. The founders have pledged to give away 80% of their personal equity to charity but could retain control.

    Who are the biggest investors backing Anthropic? A look at key stakeholders

    Anthropic’s planned IPO is set to test public-market appetite for artificial intelligence companies. Backed by Amazon, Google, leading venture capital firms, global institutions and prominent individual investors, the Claude maker has seen its valuation surge through successive funding rounds.

    Why Walmart would rather keep Flipkart private, for now

    Over the past few weeks, much has been written about former employees of the online commerce company writing to Walmart's board, asking for liquidity on the stock options they were granted 10 to 15 years ago. On October 1, at least eight former senior executives, among them former Myntra CEO Mukesh Bansal and former chief business officer Ankit Nagori, wrote to Walmart chairman Gregory Penner, other board members and Flipkart Group CEO Kalyan Krishnamurthy, seeking a complete exit for all former employees holding vested options.

    The Economic Times
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