Anthropic to Raise $64 Billion as $1.4 Trillion IPO Looms

- AI startup Anthropic targets $1.4 trillion valuation and $64.4 billion public raise in planned Nasdaq debut - IPO set amid intense market volatility, valuation scrutiny, and regulatory uncertainty On November 10, 2026, Reuters reported that artificial intelligence company Anthropic, developer of Claude, filed for an initial public offering, and that the company aims to raise $64.4 billion from public investors and $26 billion through private placements. According to Reuters, Anthropic is seeking a total valuation of $1.4 trillion. Reuters also reported that Anthropic plans to list 825 million shares at $70–$78 each under the Nasdaq ticker “ANT.” As a result, this positioning would make the IPO among the largest in tech history and grant public investors unprecedented access to a major AI innovator. In addition, Reuters noted that institutional backing comes from Alphabet, Nvidia, AMD, Broadcom, Micron, Microsoft, and TSMC, while Goldman Sachs and Morgan Stanley will serve as lead underwriters. According to Reuters, Anthropic’s Q3 revenue reached $16.96 billion, a 47% year-over-year increase, and growth slowed from the previous quarter’s 144% surge. Even so, Reuters reported that Anthropic’s annualized October revenue touched $81 billion. However, operating costs are steep, as Reuters cited reports that collaborative computing deals with Amazon, Google, and others reportedly cost $900 billion. The Reuters report added that the IPO follows a turbulent Nasdaq stretch, including the sharpest one-day decline in 19 months, which has stoked investor caution. Meanwhile, Reuters noted that despite the IPO’s historic scale, Anthropic’s target valuation falls short of SpaceX’s $1.78 trillion IPO record from June and faces skepticism on sustainability. According to The Globe and Mail, some analysts peg Anthropic’s fair value as low as $780 billion, and Financial Times has similarly highlighted concerns over whether such valuations are sustainable. As a result, ongoing regulatory uncertainty and market volatility continue to shape investor appetite for one of tech’s largest offerings.