Anthropic is reportedly targeting $1.4T IPO valuation

AI powerhouse Anthropic launched its much-awaited IPO roadshow yesterday, gearing up for what could become the largest public market debut in history.

Ahead of its November 19 debut, the AI company has set an indicative IPO price of $70–$78 per share. With 825 million Class A shares on offer, the company is targeting a valuation of up to $1.41 trillion, as revealed in securities filings.

The proposed valuation marks a sharp departure from the $2 trillion figure reportedly floated just last month. Concerns about Anthropic’s finances, alongside weakening sentiment across the AI sector, have contributed to the more modest valuation target.

Even so, the listing would remain one of the biggest market debuts ever.

The company behind Claude plans to list on the Nasdaq under the ticker symbol “ANT.”