Anthropic Sets IPO Range at $70-$78, Valuing AI Lab at Up to $1.4 Trillion

fool.com —

Anthropic set its IPO share price range at $70 to $78, valuing the AI lab at up to $1.4 trillion ahead of its expected public debut on Nov. 19. The valuation exceeds the market caps of Walmart and Berkshire Hathaway, reflecting expectations for future growth rather than current performance. Anthropic’s revenue surged from $41 million in 2023 to $33.2 billion in the first nine months of 2026, with 1,900 customers spending at least $1 million annually. Founded in 2021, the company faces high scrutiny on spending and competition post-IPO. Analysts suggest the stock suits long-term, speculative investors, as the valuation requires exceeding forecasts to justify its price.


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