Anthropic pushes ahead with IPO targeting $1.5tn valuation despite tech rout

· Finance · United States

Claude developer Anthropic intends to press ahead with an initial public offering targeting a $1.5 trillion valuation and plans to list before Thanksgiving, the Financial Times reported, even as a brutal selloff in technology stocks continues. CNBC reported that some investors are bracing for a lower valuation, calling $1.5 trillion a "stretch" as the AI trade sours on Wall Street. The listing would be one of the largest ever for an AI company and a test of investor appetite after the recent rout erased trillions in market value from technology names. How the IPO prices will signal whether public markets still reward large AI bets amid high interest rates and questions about returns on heavy capital spending.

Why it matters：The IPO will be a bellwether for whether public markets still fund large AI bets after the sector's selloff, shaping valuations across the AI and venture ecosystem.

Key points

  • Anthropic intends to list before Thanksgiving, per the FT.
  • Some investors call the $1.5 trillion target a "stretch" amid the AI selloff.
  • The company makes the Claude AI model.

Sources (original reporting)

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