Anthropic sets $1.4 trillion target valuation for IPO

Anthropic targets $1.4 trillion IPO

Anthropic is targeting a $1.4 trillion valuation in its IPO, with shares expected to price at $70.00 to $78.00. The company has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker ANT. Wall Street Journal sources say it aims to start trading next Thursday or Friday.

Why it matters: The $1.4 trillion target sits below the $2 trillion previously expected, but above the $1.25 trillion valuation OpenAI reached last week.