Anthropic Targets $1.4 Trillion Valuation in IPO, Plans to Raise $61 Billion

Anthropic, the developer of the Claude chatbot, is targeting a valuation of about $1.4 trillion in its upcoming IPO, aiming to raise over $61 billion by offering 825 million shares priced between $70 and $78 each. The San Francisco-based company plans to debut on the Nasdaq under the ticker "ANT" later this month. While its revenue surged past $16 billion in the first half of 2026, a fourteenfold increase, Anthropic has yet to report a profit due to high infrastructure costs. The listing comes amid market volatility and investor concerns over AI spending, with the Federal Reserve's recent rate hike adding pressure. A successful debut could set a benchmark for standalone AI companies and influence expectations for a potential future OpenAI IPO.