Anthropic reportedly plans IPO roadshow ahead of Thanksgiving

Anthropic is still aiming to go public before Thanksgiving and is considering raising between $80 billion and $100 billion, TokenPost reported. The outlet put the potential valuation range at $1.25 trillion to $1.75 trillion, with a midpoint near $1.5 trillion. Shattered.io, citing The Information, reported that Anthropic plans to proceed with an IPO roadshow next week.

The valuation remains uncertain. TokenPost said the proposed midpoint would be below the $2 trillion level some investors had previously anticipated, while The Motley Fool reported that Anthropic’s IPO valuation could reach as high as $2 trillion, depending on investor interest. Shattered.io also cited Reuters reporting that some investors were discussing a figure near $1.5 trillion, down from roughly $2 trillion.

The terms have not been settled publicly, according to Shattered.io, which said no pricing date, share count or price range had been confirmed by Anthropic or the SEC. TokenPost reported that JPMorgan is expected to brief prospective investors on Friday, Nov. 13.

TokenPost said Anthropic’s third-quarter revenue rose nearly 50% to about $17 billion, and its annualized revenue run rate was about $81 billion, compared with $65 billion at the end of July. The outlet also reported that the company plans to spend about $900 billion on computing capacity and infrastructure over the next several years, while holding close to $150 billion in cash and liquid investments.

The reported IPO plan comes as AI-related shares face a selloff, TokenPost said. The outlet also cited regulatory resistance to data-center construction and a lower fundraising goal at OpenAI as part of the broader backdrop. Those pressures, alongside the range of valuation estimates, leave the prospective offering’s final size and pricing unresolved in the cited coverage.