Anthropic Sets IPO Range Valuing AI Firm at Up to $1.4 Trillion

Anthropic has set an IPO price range of $70 to $78 per share, potentially valuing the AI company at up to $1.4 trillion. The offering includes 825 million shares on Nasdaq under the symbol ANT, with plans to raise over $60 billion at the midpoint. The company's SEC filing highlights significant risks, stating that advanced AI systems could pose "catastrophic or existential risks to humanity" if misused or deployed without safeguards. Anthropic also acknowledges its models have caused harm in the past and may continue to do so through unintended or autonomous behaviors. Anthropic has committed approximately $900.9 billion to compute and infrastructure as of September 2026. The IPO, expected to begin trading November 19, comes amid market jitters over AI spending and could influence a potential 2027 offering from OpenAI.