Anthropic's stunning revenue growth helps justify its $1 trillion-plus valuation ahead of what could become the largest initial public offering in history, CNBC's Jim Cramer said Tuesday. The Claude developer filed updated IPO paperwork Tuesday outlining plans to offer 825 million shares at $70 to $78 apiece. At the high end, the offering would raise $64.35 billion and value Anthropic at up to $1.405 trillion on a fully diluted basis. The company plans to price its shares Nov. 18 and begin trading the following day. Throw in a separate $26 billion private placement purchased by leading AI companies including Nvidia and Alphabet , and Anthropic's entire haul could exceed SpaceX's raise from its June IPO.
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