Anthropic pushes Thanksgiving-eve IPO through tech selloff at a lower valuation

Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation

Anthropic is pressing ahead with an IPO before Thanksgiving, aiming to raise $80–100 billion at a $1.25–1.75 trillion valuation. The Financial Times, citing investors, says that is above the current $965 billion but below the $2 trillion the most optimistic investors wanted. Annualized reported revenue has grown from about $65 billion at the end of July to about $81 billion.

Why it matters: Anthropic is accepting a lower listing valuation during a tech selloff, and OpenAI has also cut its fundraising target as both face shrinking valuation expectations.