Anthropic IPO set for next week amid valuation pressure after market cools

AI firm Anthropic is reportedly moving forward with its Initial Public Offering, with plans to list on Nasdaq on Thursday, November 19, or Friday, November 20. The company is expected to release key details regarding its IPO valuation range, share count, and offering price early this week. The proposed ticker symbol is ANT. Initial market expectations for the IPO valuation were as high as $2 trillion, with some discussions reaching nearly $2 trillion. However, following a significant pullback in AI stocks last week, major institutional investors have reportedly pressured the company to accept a lower valuation. Some investors suggest a more realistic range between $1.1 trillion and $1.3 trillion, while others point toward a valuation near $1 trillion. Anthropic has not publicly delayed its listing plans. The company is scheduled to meet with core investors and begin roadshows this week to gauge market appetite for what is anticipated to be a record-sized tech IPO. Previously, reports indicated Anthropic aimed to raise between $80 billion and $100 billion, which, if achieved, would make it one of the largest global IPOs. This listing is viewed as a critical test of AI industry valuation logic, balancing Anthropic's growth against investor concerns over high capital expenditure and supply chain constraints.