SAN FRANCISCO (CBS, KYMA) - San Francisco based artificial intelligence company Anthropic announced, they are looking to offer 825 million shares in it's initial public offering.
They plan to set the price at $70 to $78 per share, which could net the company over $64 billion dollars.
This would also increase the company's valuation to more than $1.4 trillion dollars.Anthropic made this announcement as they promote the stock ahead of their November 19th launch.
Meanwhile protesters from the group "Stop Funding Billionaires" marched to Anthropic's headquarters in San Francisco Tuesday morning.
They say Anthropic's IPO puts worker's retirements at risk and will have a negative impact the economy.
As Anthropic moves closer to one of the biggest public offerings in history, The Bay Area faces questions about who shares in the potential gains and who could be left out.
