Anthropic plans IPO to reach $1.4 trillion valuation with 825 million shares

Anthropic, the U.S. company that built the Claude chatbot, has announced plans to sell 825 million shares in a U.S. initial public offering. The shares will be priced between $70 and $78 each, which would value the firm at roughly $1.4 trillion. The company said the offering would be on the Nasdaq and that it expects to raise between $57.75 billion and $64.35 billion after fees. The deal is slated to open for trading later this year.

The timing comes as investors grow wary of the rapid rise of artificial‑intelligence firms. After several high‑profile AI companies went public or raised large sums, market watchers have started to question the sustainability of the sector’s valuations. The IPO is also a response to recent scrutiny of the industry’s biggest players. Nvidia, the chip maker that supplies key hardware for AI models, is under pressure because its CEO has been linked to a suspected Chinese spy. The controversy has added to the uncertainty around AI‑related stocks.

Analysts say the IPO could help Anthropic secure the capital needed to compete with OpenAI and Google. The company has already partnered with Microsoft, which has invested more than $1 billion, and it has a strong team of researchers. Investors will look closely at how the proceeds are used, whether Anthropic will expand its cloud services or invest in new hardware. The company’s valuation puts it in the same league as the biggest tech firms, but it also raises questions about how much growth is realistic. If the offering succeeds, it could signal a new wave of AI companies ready to go public, but it will also test whether the market can sustain such lofty numbers.