Anthropic aims for up to $64bn raise in $1.3tn Nasdaq debut

Anthropic, the maker of the Claude chatbot, plans to float on the Nasdaq this month with a target valuation of up to $1.3 trillion (£1 trillion).

The company will offer shares at $70‑$78 each, seeking to raise as much as $64 billion. If successful, the listing would value Anthropic between $1.1 trillion and $1.3 trillion, below the $2 trillion some backers forecast in summer.

Anthropic’s latest six‑month results show revenue soaring to $16.2 billion from $1.1 billion a year earlier, while pre‑tax losses widened to $80.7 billion from $12.9 billion.

Despite the lofty valuation, the firm warned last month that AI could pose “catastrophic or existential risks to humanity” if not developed with proper safeguards.

Market analysts note the timing is volatile: the Nasdaq slipped after the US mid‑term elections amid concerns a Democrat‑led Congress could curb AI development and data‑centre expansion.

Anthropic will list under the ticker ANT on 19 November, becoming the first fully AI‑focused company to go public and a benchmark for the sector’s future.

Source: BBC News. Photo: Rafael Minguet Delgado / Pexels.