Anthropic seeks $1.4 trillion valuation in IPO, testing AI enthusiasm

Anthropic's initial public offering will value the Claude chatbot maker at up to $1.4 trillion, testing Wall Street's confidence in the AI boom it helped drive. The company is starting its investor roadshow to raise up to $64.4 billion by selling 825 million shares priced between $70 and $78 each, with trading on the Nasdaq expected to begin November 19 under the ticker "ANT." A separate private placement will raise an additional $26 billion from key investors including Google, Nvidia, and Advanced Micro Devices. The IPO is the most anticipated since SpaceX's June listing, which raised $75 billion at a $1.75 trillion valuation. Anthropic's annualized revenue reached approximately $81 billion as of October 31, and the company has nearly $900 billion in computing commitments with partners like Amazon and Google.