Anthropic reportedly plans IPO roadshow next week as investors discuss $1.5 trillion valuation

Anthropic is preparing to move ahead with an initial public offering roadshow next week, according to The Information, as reported by Shattered. The timing would put the roadshow in the week of November 9. TokenPost separately reported that the company still aims to launch a U.S. IPO before Thanksgiving, but neither account establishes that the schedule is final.

The valuation remains a reported target, not a settled price. TokenPost put the proposed range at $1.25 trillion to $1.75 trillion, with a midpoint of about $1.5 trillion. Shattered cited Reuters as reporting that some current and prospective investors were discussing a valuation near $1.5 trillion, down from roughly $2 trillion. These accounts describe expectations and investor conversations rather than a confirmed offering valuation.

TokenPost also reported that Anthropic is seeking to raise $80 billion to $100 billion. It said the company was willing to accept a lower valuation to keep its listing on schedule. The offering’s pricing date, share count and price range were not confirmed in the account published by Shattered, which said the company and the SEC had not confirmed those details.

TokenPost reported that Anthropic’s third-quarter revenue climbed nearly 50% to about $17 billion, and that its latest annualized revenue run rate was about $81 billion, compared with $65 billion at the end of July. The outlet also reported plans for about $900 billion in spending on computing capacity and infrastructure over several years, while cash and liquid investments totaled close to $150 billion. Those figures provide financial context for the proposed listing, but they do not confirm its eventual terms.

The reported roadshow plan comes amid pressure on AI-related shares, according to TokenPost, which also cited regulatory resistance to data-center construction and a lower fundraising target from OpenAI. The IPO timing and valuation remain subject to change as investors assess the proposal, and the reported figures should not be read as finalized offering terms.