Anthropic is targeting a $1.3 trillion valuation for its IPO, lower than earlier estimates amid investor caution. On Nov. 6, reported estimates ranged from $1.2 trillion to $1.3 trillion, down from a $2 trillion peak floated in early October. The revisions followed a sharp technology sell-off, although the company’s annualized revenue run rate reportedly exceeded $80 billion. Anthropic set its IPO share price range at $70 to $78.
The Claude chatbot developer is targeting a share price between $70 and $78, reflecting a more conservative stance compared to previous $1.5 trillion expectations.
Read the full storyInvestors are discussing a lower range than previous estimates, while the company’s losses, huge spending commitments and questions over IPO timing test its ability to attract sufficient demand.
Investors question whether the roadshow can begin during the week of November 9 and the listing be completed this month, as they await October revenue amid major computing commitments.