EXCLUSIVE: Anthropic eyes $1.4 trillion IPO valuation in test of Wall Street's AI fervor
Anthropic is preparing for a Nasdaq initial public offering that values the AI lab at up to $1.4 trillion, according to multiple reports. The company has set an indicated price range of $70 to $78 per share and plans to raise between $64.4 billion and $69.3 billion, which would make it one of the largest IPOs ever. Seven existing investors — including Google, Nvidia and Microsoft — have committed roughly $26 billion to the offering. All seven founders intend to sell shares worth about $250 million each, and the company will host a live-streamed event featuring CEO Dario Amodei and JPMorgan Chase CEO Jamie Dimon.
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- ✓ Anthropic has set an IPO price range of $70 to $78 per share.
- ✓ The company is targeting a valuation of up to $1.4 trillion.
- ✓ The IPO aims to raise between $64.4 billion and $69.3 billion.
- ✓ Google, Nvidia and Microsoft are among seven tech giants committing approximately $26 billion to the offering.
What changed
Anthropic filed an updated prospectus setting a $70-$78 per share price range and confirming a valuation target of up to $1.4 trillion, with seven strategic investors committing $26 billion.
Live updates
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Anthropic targets $1.4 trillion valuation in upcoming IPO
Anthropic is preparing for a Nasdaq initial public offering that values the AI lab at up to $1.4 trillion, according to multiple reports. The company has set an indicated price range of $70 to $78 per share and plans to raise between $64.4 billion and $69.3 billion, which would make it one of the largest IPOs ever. Seven existing investors, including Google, Nvidia and Microsoft, have committed roughly $26 billion to the offering. All seven founders intend to sell shares worth about $250 million each, and the company will host a live-streamed event featuring CEO Dario Amodei and JPMorgan Chase CEO Jamie Dimon.
Why it matters
The offering would test Wall Street's appetite for pure-play generative AI companies at a scale never before attempted. A $1.4 trillion valuation implies investors are pricing in dominant market share and sustained hyper-growth despite Anthropic's current revenue being a fraction of that implied multiple. The participation of major strategic backers signals confidence but also highlights the concentration of AI capital among a handful of tech giants.
What is confirmed
- Anthropic has set an IPO price range of $70 to $78 per share.
- The company is targeting a valuation of up to $1.4 trillion.
- The IPO aims to raise between $64.4 billion and $69.3 billion.
- Google, Nvidia and Microsoft are among seven tech giants committing approximately $26 billion to the offering.
- All seven founders plan to cash out about $250 million each in the IPO.
- Anthropic will host a live-streamed IPO event featuring CEO Dario Amodei and JPMorgan Chase CEO Jamie Dimon.
Still unconfirmed
- Anthropic may seek to raise as much as $90 billion, above the currently disclosed range.
- The final valuation could settle around $1 trillion, below the initial $1.4 trillion target.
What to watch next
- Final pricing and allocation results on IPO pricing day
- SEC declaration of effectiveness for the registration statement
- Post-IPO trading performance and lock-up expiration schedule
confidence 90%Sources used for this update (25)
- finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
- www.nytimes.com — The New York Times - Breaking News, US News, World News and Videos
- Reuters — EXCLUSIVE: Anthropic aims to raise up to $69.3 billion in blockbuster IPO
- Reuters — EXCLUSIVE: Anthropic IPO to raise as much as $64.4 billion, latest draft prospectus shows
- CNBC — Anthropic sets price range of $70 to $78 in upcoming IPO as AI lab marches towards Nasdaq
- Bloomberg.com — Anthropic Plans IPO Live Stream With Amodei, JPMorgan CEO Dimon
- WSJ — Anthropic to Seek $1.3 Trillion Valuation in IPO
- The New York Times — Anthropic Targets Valuation of Up to $1.4 Trillion for Blockbuster I.P.O.
- Yahoo Finance — Anthropic seeks $1.4 trillion valuation in highly anticipated IPO amid AI boom
- BBC — Anthropic to raise $64bn in major stock market listing
- The Hill — Anthropic seeks valuation of up to $1.4 trillion for IPO
- CNBC — Anthropic's trillion-dollar IPO is coming, but retail investors could have owned AI stock much earlier
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