Reportedly Anthropic Still Pushing for Pre-Thanksgiving IPO, to Raise Up to $100 Billion
According to a Financial Times report, Anthropic still plans to IPO before Thanksgiving, expecting to raise $80 billion to $100 billion at a target valuation of $1.25 trillion to $1.75 trillion, and is prepared to accept a valuation below optimistic expectations. Multiple investors said its valuation may be set at $1.3 trillion to $1.5 trillion, lower than the doubled level projected a month ago. In the same period, OpenAI cut its private financing valuation from $1.4 trillion to $1.25 trillion, and reduced its financing size from $30 billion to $20 billion.
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The original text provides specific figures for Anthropic's IPO fundraising range and valuation cut, which can be compared with the concurrent contraction in OpenAI's private financing.
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Report: Anthropic Still Pushing Ahead with IPO: Raising Up to $100 Billion, "Largest IPO in History" May Face Uncertainty
2026-11-08 08:44 IT Home - Luyuan
IT Home, November 8 news: According to a Financial Times report yesterday, despite the recent sharp volatility in U.S. tech stocks, Anthropic is still advancing its listing plans. The U.S. artificial intelligence startup is already prepared to accept a valuation lower than optimistic expectations.
According to several Anthropic investors, the U.S. company still plans to hold an IPO (initial public offering) before Thanksgiving, expecting to raise $80 billion-$100 billion (IT Home note: currently equivalent to approximately RMB 535.266 billion-RMB 669.083 billion), with a target valuation of $1.25 trillion-$1.75 trillion (currently equivalent to approximately RMB 8.36 trillion-RMB 11.71 trillion).
The figures in the above rumors are higher than Anthropic's current valuation of $965 billion (currently equivalent to approximately RMB 6.46 trillion), but there is still a considerable gap compared with the doubled level investors expected a month ago.
An investor holding a large number of Anthropic shares said: "I think they will adopt a very conservative pricing strategy, for example setting the valuation at $1.5 trillion (currently equivalent to approximately RMB 10.04 trillion), and then gradually raise it." Other people involved in the transaction believe the valuation may be lower, at about $1.3 trillion (currently equivalent to approximately RMB 8.7 trillion).
This downward revision in expectations reflects the tech industry's reassessment of market trends. Investors are increasingly worried about rising borrowing costs and the ever-expanding spending plans of AI companies. A large number of AI-related stocks have begun to see sell-offs, and lenders are also starting to avoid high-risk projects.
In this week's U.S. midterm elections, the Democratic Party won an overwhelming victory, partly because its candidates promised to block data center construction. This outcome further accelerated the market sell-off.
More than six investors revealed that Anthropic still intends to go public, and CEO Dario Amodei has had to accept a valuation cut for this purpose.
U.S. stocks fluctuated sharply on Thursday, wiping out $3.2 trillion (currently equivalent to approximately RMB 21.41 trillion) in market value in a single day. The tech-heavy Nasdaq 100 index plunged 6.4%, as the market worried that the AI infrastructure investment boom may slow.
An analyst at market research firm Vital Knowledge said: "The sell-off in AI stocks makes it harder for Anthropic to go public, meaning less money is available for capital expenditure, which in turn triggers more selling."
At the same time, OpenAI is also finding it difficult to complete its own private financing. The company has lowered the valuation it is seeking from $1.4 trillion (currently equivalent to approximately RMB 9.37 trillion) to $1.25 trillion (currently equivalent to approximately RMB 8.36 trillion), while reducing the financing size from $30 billion (currently equivalent to approximately RMB 200.725 billion) to $20 billion (currently equivalent to approximately RMB 133.817 billion).
Anthropic's supporters hope that this IPO can attract some passive sellers, namely index funds and large asset management companies. These institutions do not currently hold Anthropic shares, but shortly after the company goes public, they will in effect have to buy the relevant shares.
In addition, the rumor that Anthropic is aiming for the "largest IPO in history" also faces uncertainty. According to several people familiar with Amodei's thinking, he does not have much interest in surpassing Musk's SpaceX.
One investor said: "They do not care whether the valuation can exceed SpaceX's, nor do they seek to maximize the size of the IPO financing." Anthropic's seven co-founders have already pledged to donate 80% of their personally held company equity to charity.