Catenaa, Tuesday, November 10, 2026- Anthropic is seeking a $1.3 trillion IPO valuation, lower than previously expected after last week’s AI stock sell-off.
According to The Associated Press(AP), Anthropic said in a regulatory filing that it will sell 825 million shares priced between $70 and $78 a share. That would let Anthropic raise more than $61 billion if the IPO is priced at the midpoint.
Setting Anthropic’s IPO price will require balancing investor demand against the company’s fundraising ambitions. An excessively high valuation could weaken trading after its market debut, while a conservative price may reduce the proceeds available to the company and existing shareholders.
Anthropic could be among the biggest initial public offerings ever, but now seems likely to fall short of eclipsing the record $86 billion raised by SpaceX in its IPO in June, according to AP.
“For tech and AI, this is the first time a US frontier lab carries a standalone public market price, uncluttered by an ad business or a rocket business,” Dan Ives, partner and Senior Managing Director at Yorkville Ives & Co., wrote in an analyst note, according to AP.
A successful listing could provide Anthropic with additional funding to expand its AI operations. The offering would also establish a public market valuation for the equity holdings of its founders, Dario Amodei and Daniela Amodei.
Citing a regulatory filing last month, the AP report said that Anthropic’s revenue reached more than $16 billion in the first half of the year, 14 times its revenue from the same period last year.
“But like many other tech companies going public, the company has yet to turn a profit,” the AP report said.
Founded by former OpenAI executives in 2021, Anthropic has become one of the leading developers of advanced AI models. Its Claude competes with OpenAI’s ChatGPT and other competitors, including Google, newer startups in the US and China, and SpaceX, which has an AI business.
According to AP, Anthropic, OpenAI, and SpaceX’s AI division have all been losing more money than they make because building AI costs so much, fueling concerns about a bubble.
The revised valuation target comes after AI stocks, especially chip stocks, saw a brutal sell-off last week as investors weighed in on heavy regulations and investigations into AI infrastructure projects in a Congress controlled by Democrats.
