Anthropic Still Plans IPO Before Thanksgiving, Valuation Up to $1.75 Trillion, Targeting $80-100 Billion Raise

November 7 — According to the UK's Financial Times, despite a sharp sell-off in tech stocks, Anthropic still plans to proceed with its initial public offering (IPO) before the U.S. Thanksgiving holiday, expecting to raise between $80 billion and $100 billion, with a target valuation range of $1.25 trillion to $1.75 trillion. The market's consensus expectation centers around $1.5 trillion, lower than the $2 trillion some investors had previously anticipated. Informed investors said Anthropic still hopes to list as planned, even if it means accepting a lower valuation.

The company's third-quarter revenue grew nearly 50% to approximately $17 billion, with its latest annualized revenue run rate (ARR) at around $81 billion, up from $65 billion at the end of July. Meanwhile, Anthropic plans to invest approximately $900 billion in computing power and infrastructure over the coming years, with current cash and liquid investments on its books nearing $150 billion. JPMorgan is expected to host a briefing for potential investors on November 13. Recent sell-offs in the AI sector, regulatory hurdles for data center construction, and OpenAI's lowered fundraising targets have all added greater market pressure to Anthropic's listing.

[BlockBeats]