Anthropic targets mega-IPO before Thanksgiving holiday
Its fair valuation is believed to be in the US$1.8 trillion to US$2 trillion ballpark, sources say
Anthropic, a leading artificial intelligence model maker, is targeting a Thanksgiving holiday IPO, according to sources familiar with the situation. The company, valued between US$1.8 trillion and US$2 trillion, aims to begin marketing for its initial public offering as early as November 9, potentially trading before the Thanksgiving holiday on November 26.
The IPO window is expected to conclude by the end of 2026. Despite competition from OpenAI and public scrutiny over AI safety, investors remain optimistic about Anthropic's valuation, expecting it to match or surpass the size of SpaceX's IPO. The company faced a significant net loss in 2025, with a notable surge in operating losses, largely due to a substantial increase in the fair value of its liabilities.
Anthropic is preparing to meet potential investors on October 14 to discuss the IPO, challenging the trend of companies postponing their initial public offerings amidst challenging market conditions.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
