Good morning from the Financial Times.
Today is Thursday, August 13th, and this is your FT News Briefing.
Investors think Anthropics public listing will be the biggest ever, and Britain is cutting its international aid.
Plus, more Iranians are using buy now, pay later plans because of the war.
I'm Sonia Hudson in for Mark Filipino, and here's the news you need to start your day.
Anthropic investors think the AI startup will hit the public market at a valuation of at least $2 trillion.
That would make it the largest ever initial public offering.
The company is expected to float in October.
If this sounds a bit like deja vu.
You're right.
SpaceX broke the record for largest IPO earlier this year at $1.77 trillion.
Here to tell us more about this potentially record-smashing year for IPOs is the FT's George Hammond.
He covers venture capital from San Francisco.
Hi, George.
Hey.
So why are investors so confident about Anthropic?
So you mentioned SpaceX and that being the largest IPO of all time.
We're expecting Anthropic to surpass that.
And its investors think that's going to happen
because it has shown just this prodigious growth over the last year or really 18 months.