Anthropic targets valuation of up to US$1.4 trillion
The artificial intelligence giant said it plans to raise up to US$64 billion in its upcoming initial public offering.
Anthropic, the creator of the AI agent Claude, announced plans to raise up to US$64 billion through an upcoming initial public offering, according to a filing with the US Securities and Exchange Commission. The company aims to sell 825 million shares of Class A common stock at a Wall Street debut, with an estimated price per share between US$70.00 and US$78.00, valuing the firm at up to US$1.4 trillion.
This IPO value is significantly lower than the US$100 billion initially anticipated, which would have made Anthropic the largest IPO on record. The AI-focused company is set to debut its stocks in the week of Nov 16, as Wall Street assesses the longevity of the AI spending boom bolstering the US economy. Wall Street analysts, including The Wall Street Journal and The New York Times, estimate Anthropic's valuation between US$1.3 trillion and US$1.4 trillion, a decline from earlier speculation of a US$2 trillion valuation.
Anthropic has also upgraded its AI models, Fable 5.2 and Mythos 5.2, claiming they operate 30% faster than their predecessors. The company reported a staggering third-quarter revenue of US$17 billion, up from US$1.4 billion the previous year, with an annualised projection, or "run-rate revenue," of approximately US$81 billion as of Oct 31, 2026, a US$10 billion increase from Sept 30.
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