Anthropic targets $1.4 trillion valuation in massive stock market debut

What the report says

Anthropic, the company behind the Claude AI chatbot, has begun the process for a major stock market debut, with plans to seek a valuation of up to $1.4 trillion and raise as much as $64.4 billion, according to Al Jazeera’s report citing the company’s filing with the US Securities and Exchange Commission and the launch of its investor roadshow. The IPO is expected next week and would rank among the largest public listings ever.

The company plans to offer 825 million shares at a price range of $70 to $78, while also pursuing $26 billion in a separate private placement supported by major technology firms including Google, Nvidia, Microsoft and AMD. Al Jazeera reported that the offering is being closely watched as a test of investor appetite for AI companies after a period of strong gains and sharper swings in related stocks.

The reported valuation is below earlier market estimates, reflecting growing caution about the heavy infrastructure spending needed to support AI expansion. Anthropic said its revenue reached $17 billion in the third quarter, up sharply from a year earlier, and that it was on pace for about $81 billion in annual revenue. The company says demand for Claude is coming from sectors such as healthcare, finance and law.

The IPO also comes as US politics and regulation are in flux. Al Jazeera noted that a new Democratic-led Congress could bring tighter oversight of AI companies and data-centre construction, adding another layer of uncertainty for investors and the wider technology sector.