Anthropic, the artificial intelligence company behind the Claude chatbot, is poised for a valuation of up to $1.3 trillion when it lists shares on the Nasdaq stock exchange in New York later this month.
The currently loss-making firm plans to price its shares between $70 and $78, aiming to raise as much as $64 billion through the offering. This price range implies a valuation between $1.1 trillion and $1.3 trillion—a substantial figure, though notably below the $2 trillion valuation some analysts had projected weeks earlier.
The flotation arrives during a turbulent period for AI equities. Following last week’s U.S. midterm elections, the Nasdaq index dropped sharply amid concerns that a Democrat-led Congress could impede AI development and the expansion of data center infrastructure. Broader skepticism also persists regarding the massive capital expenditures required by the sector and the timeline for returns on those investments.
According to financial results for the six months ending in June, Anthropic’s revenue surged to $16.2 billion, up from $1.1 billion during the same period last year. However, pre-tax losses widened significantly to $80.7 billion from $12.9 billion.
Fiona Cincotta, senior market analyst at City Index, described the $64 billion fundraising target as “fairly bullish” given the recent volatility and concerns surrounding the AI sector. Speaking to Reuters, she noted that the move signals the company remains optimistic about the outlook for AI and confident that demand will sustain its growth trajectory.
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