❯ Anthropic plans a pre-Thanksgiving IPO to raise $80 billion to $100 billion

A listing planned for this monthAnthropic is still planning to list before US Thanksgiving, seeking $80 billion to $100 billion at a valuation of $1.25 trillion to $1.75 trillion, the Financial Times reported, citing investors. JPMorgan plans a prospective-investor information session on November 13. The final price and listing date have not been set.

Taking the Claude business publicAnthropic publicly filed for an IPO in October. Its Claude assistant, Claude Code and model APIs serve individuals, developers and businesses. The proposed offering would fund further model research and computing capacity. Investors must also assess whether customer demand and revenue growth can support long-term computing commitments.

Questions over the roadshowSome investors previously hoped for a $2 trillion valuation, above the range now under discussion. Potential investors interviewed by Reuters questioned whether the roadshow could start during the week of November 9 and suggested a more attractive price might be needed to secure orders. Preparations continue while price and timing remain under discussion.

▮ SIGNALAnthropic’s IPO pricing would give public markets a direct reference for valuing model-company revenue growth against computing commitments.