Anthropic Targets $1.4 Trillion IPO Valuation

Anthropic has launched its IPO roadshow, offering 825 million shares at $70–$78 each and targeting a valuation of up to $1.4 trillion. The IPO could raise about $64.4 billion, alongside a $26 billion private placement backed by major technology companies; seven co-founders also plan to sell $1.75 billion in shares. The shares are expected to price Nov. 18 and begin trading on Nasdaq under ANT the following day, pending the required approvals. The offering tests investor appetite for AI as Anthropic’s third-quarter revenue reached about $17 billion and its annualized run rate reached roughly $81 billion, while computing costs, uncertain profitability, competition and infrastructure risks remain concerns. Goldman Sachs analysts reportedly project revenue of $685 billion by 2030 and estimate annual computing spending could approach $400 billion, figures that differ sharply from Anthropic’s reported internal projections. Anthropic also announced an initial $500,000 in charitable support for San Francisco-area food, shelter and children’s programs amid rising affordability pressures.