Anthropic Sets IPO Valuation Target of Up to $1.4 Trillion
Anthropic, the artificial intelligence company, is seeking a valuation of up to $1.4 trillion in its planned stock market debut, according to a US regulatory filing made on Tuesday. That is lower than the $2 trillion that the company had been widely reported to be targeting.
The debut is known as an initial public offering, or IPO, the first sale of a company's shares to the general public, after which they can be traded on a stock exchange. Anthropic filed its registration statement, the main document companies submit to the US Securities and Exchange Commission (SEC) before an IPO, on October 26, 2026. It filed amended versions on November 2 and again on November 10, according to the SEC's EDGAR database, which lists the company's business address in San Francisco, California.
Anthropic aims to raise up to $64.4 billion by selling 825 million shares at up to $78 each. It also plans a separate $26 billion private placement, a sale of shares to selected investors rather than the public. Alphabet and Nvidia are among the cornerstone investors in that placement, meaning large backers that commit to buy before the shares are offered publicly.
The company launched its roadshow, the series of presentations to prospective investors that precedes a listing, on November 10, 2026, according to Anthropic's news page. Trading in its shares could begin as soon as next week, the Guardian reported.
Anthropic's annual revenue was running at $81 billion as of October 31, up $10 billion from the previous month, according to the same reporting.
