Anthropic plans to launch an IPO before Thanksgiving, aiming to raise $80–100 billion
Anthropic plans to launch an IPO before Thanksgiving, aiming to raise $80–100 billion, with a valuation range of $1.25–1.75 trillion, below the $2 trillion some investors had hoped for. According to investors cited by the Financial Times, its annualized revenue has risen from about $65 billion at the end of July to about $81 billion. This week's tech stock selloff was triggered by rising borrowing costs and AI spending plans, with the Nasdaq 100 falling 6.4% on Thursday; OpenAI also lowered its fundraising target from $1.4 trillion to $1.25 trillion.
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Amid a tech stock selloff, Anthropic's expected IPO valuation and revenue figures offer a reference point for observing the pace of AI company listings.
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Anthropic is pressing ahead with its IPO despite the tech selloff, accepting a lower valuation. The Claude developer wants to go public before Thanksgiving and raise $80–100 billion at a $1.25–1.75 trillion valuation, according to investors cited by the Financial Times . That tops the current $965 billion but falls short of the $2 trillion the most optimistic investors had hoped for. Annualized reported revenue now sits at about $81 billion, up from roughly $65 billion at the end of July .
Rising borrowing costs and heavy AI spending plans triggered a tech selloff this week. Democrats winning the US midterms accelerated it because they had promised to slow data center construction, including other measures. The Nasdaq 100 dropped 6.4 percent on Thursday but recovered somewhat on Friday.
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 .