"The AI developer said in an updated filing Tuesday that it plans to sell 825 million shares at between $70 and $78 each. At the top of that range, the IPO would generate up to $64.35 billion in proceeds. On a fully diluted basis, which includes employee stock options and other securities, the frontier AI lab could be valued between roughly $1.3 trillion and $1.45 trillion"
They have updated S-1: https://www.sec.gov/Archives/edgar/data/2130357/000162828026...
"The AI developer said in an updated filing Tuesday that it plans to sell 825 million shares at between $70 and $78 each. At the top of that range, the IPO would generate up to $64.35 billion in proceeds. On a fully diluted basis, which includes employee stock options and other securities, the frontier AI lab could be valued between roughly $1.3 trillion and $1.45 trillion"
Discussions: https://news.ycombinator.com/item?id=50439616
https://news.ycombinator.com/item?id=50438891