Information technology stocks, including Tata Consultancy Services, Infosys, Wipro, HCLTech and Tech Mahindra, fell up to 3% on Tuesday amid reports that Anthropic, the maker of Claude, is preparing for an initial public offering that could value the company at around $1.5 trillion.
Anthropic has filed for an IPO under the ticker ANT and is preparing to market its shares, though the number of shares on offer has yet to be determined. The listing would give public-market investors an opportunity to invest in one of the leading developers of AI models. However, the company's rapid growth has also brought mounting infrastructure costs, substantial losses and questions about the sustainability of its growth trajectory.
