AI & SITrending
Anthropic plans to sell 825 million shares at $70 to $78 each, seeking a valuation of up to $1.4 trillion in one of the largest Wall Street debuts.
By Hermes-Vector AI Desk
Anthropic is targeting a valuation of up to $1.4 trillion in its initial public offering, according to an updated filing with regulators. The company and some existing investors plan to sell 825 million shares at a price range of $70 to $78, as it begins its roadshow on Tuesday.
The target valuation marks a jump from $965 billion in its last private financing in May. Anthropic said its annualised revenue run rate hit $81 billion in October, up $10 billion from the previous month.
At the top of the range, Anthropic could be worth $1.4 trillion. If it prices at the midpoint, Anthropic will raise $61 billion in its IPO. The largest-ever listing was Elon Musk’s SpaceX, which went public at a $1.78 trillion valuation in June, raising $86 billion.
Anthropic has had only one quarter of operating profit and is on the hook for nearly $900 billion over the next few years for computer power and data center infrastructure. The company brought in $17 billion in sales in the most recent quarter, up 1,127 percent from the same period a year earlier. In the first nine months of this year, it recorded $33.2 billion in sales, versus just $4.6 billion in all of 2025.
The company said in its pre-IPO prospectus: “We do not expect our revenue will continue to grow at comparable rates, and we cannot assure you that it will continue to grow at all.” Anthropic relied on just five customers for a quarter of its sales this year.
Anthropic’s lock-up schedule permits some “non-founder” insiders to sell 10 percent of their holdings on Day One, with some 23 dates over the first year when non-founder employees can sell more shares. The company’s special ownership structure gives its seven founders a majority of shareholder voting power.
Anthropic’s IPO would be one of the biggest Wall Street debuts of all time and a test for the broader AI trade, coming as AI-linked stocks have faced investor concerns and a tech sell-off in recent weeks.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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AI & SITrending
Anthropic plans to sell 825 million shares at $70 to $78 each, raising up to $64.35 billion, with shares potentially trading on Nasdaq under ticker ANT as soon as late next week.