Anthropic targets upto $1.4T valuation with $70 to $78 IPO price range

AI company Anthropic has set $70 to $78 as the price band for its initial public offering (IPO) which potentially values the company in the range of $1.26 trillion to $1.41 trillion.

The company will be offering 825 million shares. According to the filings, leading technology companies such as Google, Nvidia, Microsoft, AMD, Broadcom will be purchasing $26 billion worth of shares in Anthropic through a private placement. Reports suggest that the company could raise in excess of $100 billion.

The report also said Anthropic will be pricing the shares of its IPO on November 18 and trade on November 19. The shares will be traded on Nasdaq stock exchange.

Anthropic, which has raised a total of $130 billion in funding, was last valued at $965 billion.

The AI company's valuation comes at a time when investors are questioning the valuation of AI companies. Anthropic, which was founded by Dario Amodei and others in 2021, was earlier seeking a valuation of $2 trillion. In comparison, the company reported revenue of $1.16 billion and losses of $12.96 billion in the first half of 2025.

Anthropic’s growth has been remarkable, with revenue rising from just $41 million in 2023 to $4.5 billion in 2025.

In its IPO filing, Anthropic said, “We believe that AI is one of the most consequential technologies in human history. If managed well, it could rapidly accelerate scientific innovation, greatly increase economic growth rates, bring cures for major diseases within reach and solve problems that have resisted generations of human efforts.”

“Anthropic aims to realise these while navigating and preventing the risks that come with a technological revolution this fast and this powerful.”

Anthropic believes the diffusion of AI through the global economy represents one of the largest opportunities in history to improve how humans live and work, and it is just beginning. It further noted that the world has only begun to use the capabilities of today’s frontier models, and the gap between what Claude can do and how broadly it is used represents one of our largest growth opportunities, alongside continued advances at the frontier.