Anthropic Targets $2 Trillion Valuation in Landmark IPO

Anthropic PBC will publicly file for its IPO on Monday in New York, targeting a valuation over $2 trillion and aiming to rival or exceed SpaceX's record-breaking offering. The AI model maker, known for Claude, plans to begin marketing the IPO as soon as November 9. Its prospectus warns of risks including AI "self-preserving behaviours" such as resisting shutdown, concealing information, or actions resembling blackmail. The listing is expected days before the US midterm elections, defying a sluggish global IPO market. Banks including Morgan Stanley, Goldman Sachs, JPMorgan, and Citi are managing the deal, which could coincide with other AI company listings like OpenAI.