Anthropic is heading toward a possible November 16 Nasdaq debut, with its IPO roadshow beginning November 10. The company once had investors discussing a $2 trillion valuation. That expectation fell to around $1.5 trillion in October, and the latest SEC filing now puts the offering at roughly $1.02 trillion. That’s a huge haircut before the stock has even started trading.
Anthropic is seeking up to $64.4 billion at $70 to $78 a share. The company has real revenue, nearly $17 billion in the third quarter, but investors are getting much less enthusiastic about paying any price for AI. Other AI infrastructure IPOs have been delayed, CoreWeave’s debt has come under pressure, and the broader tech selloff has made the market less forgiving.
November 16 is the earliest reported possible trading date, not a confirmed listing date. The market now has less than a week to decide what Anthropic is actually worth.
https://www.sec.gov/Archives/edgar/data/2130357/000162828026068676/anthropicpbc-sx1ax1.htm
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