Anthropic IPO Underwriters Preparing to Raise Valuation Target to $1.5 Trillion or Higher

TechFlow reported on November 11, citing the Financial Times, that Anthropic's underwriting bankers are preparing to raise the company's IPO valuation target to $1.5 trillion or higher.

The news came after Anthropic filed an updated S-1, set its public offering price range at $70 to $78 per share, and planned to list on Nasdaq under the ticker ANT in the near term. Earlier reports from multiple sources indicated that the company's fully diluted valuation could reach as high as approximately $1.4 trillion, while it was also conducting a private placement of about $26 billion involving investors including Google, Nvidia and AMD.

Source: TechFlow