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Anthropic reportedly presses on with IPO plan below the $2 trillion some investors wanted

Anthropic is reportedly still planning to list before Thanksgiving, investors told the Financial Times, at a lower value than the most hopeful wanted.

In brief
  • According to investors cited by the Financial Times, Anthropic wants to raise $80 billion to $100 billion before Thanksgiving. The value range is $1.25 trillion to $1.75 trillion, above the current $965 billion.
  • The Decoder says the Nasdaq 100 fell 6.4 percent on Thursday. The sources treat the selloff as a backdrop, not a cause.

The Decoder reported on 7 November that Anthropic, maker of the Claude AI models, still plans to sell shares to the public before Thanksgiving. The figures come from unnamed investors cited by the Financial Times. They said Anthropic would raise $80 billion to $100 billion, valuing the firm at $1.25 trillion to $1.75 trillion. That is above today's $965 billion, but under the $2 trillion the most hopeful investors wanted. Anthropic's yearly revenue pace is now about $81 billion, the Decoder said, up from about $65 billion in late July.

The Decoder said borrowing costs and big AI spending plans set off a tech selloff this week. It said the US midterm result made it worse, because Democrats had promised to slow data center building. The Nasdaq 100 fell 6.4 percent on Thursday, the Decoder said, then partly recovered. The coverage treats the selloff as a backdrop, not a cause of the IPO plan. It also says OpenAI cut its funding goal to $1.25 trillion from $1.4 trillion. No comment from Anthropic, listing date or exchange is given.

This is our reading, not the sources'. Claude customers rent computing power from data centers, so a vendor's funding bears on price and capacity. Buyers could ask about contract length, exit terms and a backup model from another maker.

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Reporting: Financial Times.