Anthropic is targeting a stock market valuation of over a trillion dollars

Artificial intelligence Anthropic plans IPO with trillion dollar valuation As of: November 10, 2026 • 4:37 p.m

The AI ​​company Anthropic has published details of its IPO plans. What the shares should cost and how much money the US company wants to earn from them - despite growing doubts about the profitability of the industry.

Anthropic is aiming for one of the largest IPOs in history. The AI ​​developer with the chatbot Claude is aiming for a total valuation of over a trillion dollars. Initially, around 825 million shares will be offered at a price of $70 to $78, according to the updated prospectus filed with the US Securities and Exchange Commission (SEC).

This represents a valuation of the company of up to $1.4 trillion. Initially, some investors had expected a valuation of up to two trillion dollars. The sale of the shares is expected to raise up to $64.4 billion.

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The company's management is launching a global promotional tour among potential investors today. The final issue price is expected to be determined next week. The price range for IPOs in the USA only serves as a guide; the actual price may be higher or lower. The Anthropic share is to be listed on the New York technology exchange Nasdaq under the ticker symbol ANT.

In addition to the share sale, another $26 billion is expected to come from large technology companies. These include Alphabet, Nvidia, Microsoft, Broadcom and the Taiwanese chip manufacturer TSMC. You should purchase shares in a special category at the issue price. Together with the sale by Anthropic and existing shareholders, this could raise a total of $90.4 billion.

At the same time, Anthropic is heavily dependent on the support of large technology companies. Companies like Amazon and Google provide almost $900 billion in computing capacity to AI developers.

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The IPO comes at a time of growing doubts about the economic potential of artificial intelligence. Companies in the industry invest enormous amounts of money in the development of language models and the construction of data centers. A large portion of this spending is financed through debt. In view of rising interest rates, the question increasingly arises as to whether investments will be worthwhile in the long term.

The doubts have recently become particularly clear on the stock markets: technology and AI stocks came under heavy pressure last week. Although prices recovered at the start of the week, uncertainty about the profitability of billion-dollar investments remains. Several companies in the industry have therefore postponed or canceled their IPOs.

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Despite the enormous volume, the IPO is unlikely to break the previous record. In June, Elon Musk's space company SpaceX raised $75 billion in its IPO. The valuation at the time was almost $1.75 trillion.

The fact that Anthropic now provided somewhat lower information about the price range and issue volume than initially assumed is apparently also related to a data breach. An Anthropic employee accidentally sent a document containing information about the IPO to banks on Monday evening. There was a price range of 70 to 80 dollars. A little later, the company explained that the pricing information was incorrect.

In the most recent private financing round, the company, founded in 2021, was valued at $965 billion. The largest pre-IPO investors include Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.

This topic in the program: - The first | daily news | 11/10/2026 | 5:00 p.m. - tagesschau.de | AI group Anthropic applies for IPO | Oct 26, 2026 | 4:33 p.m