Anthropic Eyes Up to $1.5 Trillion IPO Valuation Amid Strong Investor Demand

AI firm Anthropic is reportedly preparing to increase its initial public offering (IPO) valuation target to $1.5 trillion or more, driven by robust investor demand. This upward revision follows the company's announcement of a share price range between $70 and $78, which at the higher end would value the company at over $1.4 trillion. The company's bankers are now anticipating that the final valuation could exceed this figure.

This development comes as Anthropic prepares for its public debut on the Nasdaq under the ticker symbol ANT. The AI giant has also disclosed in its filings that artificial intelligence may pose "existential risks to humanity," a stark warning accompanying its significant market entry. The proposed IPO is set to be one of the largest in history, even as it falls short of earlier expectations of a $2 trillion valuation.

Earlier reports indicated that Anthropic had secured a substantial $10 billion investment from Nvidia, alongside other financial commitments from major players. The company's seven co-founders are each expected to cash out approximately $250 million in the IPO while retaining control. The pricing range suggests a potential raise of around $64 billion, with shares expected to begin trading later this week.