How much does Anthropic plan to raise in its IPO?

Anthropic aims to raise $80–100 billion, according to investors cited by the Financial Times.

What valuation is Anthropic accepting?

It is seeking a $1.25–1.75 trillion valuation, below the $2 trillion the most optimistic investors had hoped for, but above its current $965 billion.

AI Stocks & MarketsAI Business & IndustryTHE DECODER3m agoNov 8, 2026, 04:00 JST

Anthropic pushes pre-Thanksgiving IPO at $1.25–1.75 trillion

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3 Key Points

What happened
Anthropic wants to go public before Thanksgiving and raise $80–100 billion at a $1.25–1.75 trillion valuation, per investors cited by the Financial Times.
Why it matters
That tops the current $965 billion but falls short of the $2 trillion the most optimistic investors had hoped for, as Anthropic accepts a lower valuation despite the tech selloff.

WHO IT HITSThe listing lands on Anthropic's existing private investors and its employees holding equity, who would see a lower paper valuation than the hoped-for $2 trillion, and on prospective IPO buyers weighing the shares amid a tech selloff.

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Context & Analysis

Anthropic's decision to go public comes against a rough week for tech. Rising borrowing costs and heavy AI spending plans triggered a selloff, and Democrats winning the US midterms accelerated it because they had promised to slow data center construction. The Nasdaq 100 dropped 6.4 percent on Thursday before recovering somewhat on Friday.

The company's revenue picture has improved alongside the listing plans: annualized reported revenue now sits at about $81 billion, up from roughly $65 billion at the end of July. That growth may help explain why Anthropic is willing to accept a lower valuation rather than delay.

The reset is not unique to Anthropic. OpenAI also cut its funding-round target from $1.4 trillion to $1.25 trillion and recently raised only about a third of the $30 billion it originally sought, suggesting investors are applying more caution to AI valuations broadly.

FAQ

How much does Anthropic plan to raise in its IPO?: Anthropic aims to raise $80–100 billion, according to investors cited by the Financial Times.
What valuation is Anthropic accepting?: It is seeking a $1.25–1.75 trillion valuation, below the $2 trillion the most optimistic investors had hoped for, but above its current $965 billion.
How has the tech selloff affected other AI companies?: OpenAI cut its funding-round target from $1.4 trillion to $1.25 trillion and recently raised only about a third of the $30 billion it originally sought.

THE DECODERRead Original Article

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