Key points
- Anthropic aims for a $1.25-$1.75 trillion valuation, down from earlier $2 trillion hopes.
- The company seeks to raise $80-$100 billion before the Thanksgiving holiday.
- Annualized revenue is reported at $81 billion, up from $65 billion in July.
Anthropic is advancing its initial public offering plans despite a recent technology sector sell-off, according to a report by The Decoder.reported The Claude developer intends to list before Thanksgiving, targeting a valuation between $1.25 trillion and $1.75 trillion.reportedAnthropic is going public soon with a lower price than first expected.Anthropic proceeds with IPO at $1.25-$1.75T, below prior $2T consensus. This range falls short of the $2 trillion figure that optimistic investors had previously anticipated for the company.reported
Evidence: reported
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuationaifleet-decoder
Evidence: reported
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuationaifleet-decoder
Evidence: reported
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuationaifleet-decoder
What was released or claimed
Investors cited by the Financial Times indicated that Anthropic wants to raise between $80 billion and $100 billion through this offering.reported The current valuation target tops the company's previous $965 billion estimate.reported However, it remains well below the peak expectations held by some backers earlier in the funding cycle.
Evidence: reported
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuationaifleet-decoder
Evidence: reported
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuationaifleet-decoder
Who it affects
The move involves Anthropic and its investors. It also relates to rival OpenAI, which recently reduced its own funding round targets from $1.4 trillion to $1.25 trillion and raised only about a third of the $30 billion it originally sought.reported
Evidence: reported
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuationaifleet-decoder
What is still unknown
It is unclear if the final valuation will settle at the lower or upper end of the stated range. The material does not specify whether the $80 to $100 billion raise will be fully subscribed or if further price cuts are necessary as the Thanksgiving deadline approaches.reported
Evidence: reported
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuationaifleet-decoder
What changes, what does not
Annualized reported revenue has increased to approximately $81 billion, up from roughly $65 billion at the end of July.reported Despite the lower valuation, the company continues to press ahead with its public listing timeline rather than delaying the process due to market volatility.
Evidence: reported
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuationaifleet-decoder
Methods and limits
This report relies on investor statements cited by the Financial Times and summarized by The Decoder. It reflects market expectations and financial targets rather than audited financial results. The valuation figures represent pre-IPO estimates subject to change based on market conditions and investor demand during the offering period.
Why it matters
- Platform architects should note Anthropic's valuation drop from $2 trillion to $1.25-$1.75 trillion.
- The company reports annualized revenue of $81 billion, an increase from $65 billion in July.
- Rival OpenAI cut its valuation target to $1.25 trillion, showing similar market pressures.
- The pre-Thanksgiving timeline sets a specific deadline for the public listing process.
Topics: Anthropic, IPO, valuation, AI funding, OpenAI
Updated
Then / now / next
Optimistic investors hoped for a $2 trillion valuation for Anthropic.
The company targets a lower $1.25-$1.75 trillion range amid a tech selloff.
Watch for final pricing details as the Thanksgiving deadline approaches.
Story timeline
- Then Optimistic investors hoped for a $2 trillion valuation for Anthropic.
- 07 Nov 2026 Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation
- Now The company targets a lower $1.25-$1.75 trillion range amid a tech selloff.
- Next Watch for final pricing details as the Thanksgiving deadline approaches.
The strongest doubt
Counterpoint from the sources
The tech selloff triggered by rising borrowing costs and political factors may further pressure the final valuation if market conditions worsen before the listing.
For readers
Investors
- Anthropic targets $1.25-$1.75T valuation, down from $2T hopes.
Business
- Annualized revenue grew to $81B from $65B in July.
Researchers
- OpenAI also cut its valuation target to $1.25T recently.
Numbers in context
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Your choice stays on this device. No public tally.Questions readers ask
What is Anthropic's target valuation for its IPO?
The company aims for a valuation between $1.25 trillion and $1.75 trillion.
How much capital does Anthropic plan to raise?
It seeks to raise between $80 billion and $100 billion.
Did Anthropic's revenue increase recently?
Yes, annualized revenue rose from roughly $65 billion in July to about $81 billion.
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Reading receipt
- Anthropic aims for a $1.25-$1.75 trillion valuation, down from earlier $2 trillion hopes.
- The company seeks to raise $80-$100 billion before the Thanksgiving holiday.
- Annualized revenue is reported at $81 billion, up from $65 billion in July.
Still open: Will the $80-$100 billion raise be fully completed?
Still open: How will the midterms impact future data center spending?