The NewYorkTimes.com reported that “Anthropic on Tuesday set a price range for its initial public offering, valuing the company at more than $1 trillion, in a sign that investor demand for the fast-growing but money-losing darlings of the artificial intelligence boom remains robust.” The November 10, 2026 article entitled “Anthropic Targets Valuation of Up to $1.4 Trillion for Blockbuster I.P.O.” (https://www.nytimes.com/2026/11/10/technology/anthropic-ipo-valuation-share-price.html) included these comments from Reporters Erin Griffith, Mike Isaac and Lauren Hirsch:
Anthropic’s preliminary pricing comes at a tense moment for the stock market, with wild swings after the midterm elections, in which voters overwhelmingly voted against data centers and the tech industry’s favored politicians. The revelation that Jensen Huang, the chief executive of the A.I. chip maker Nvidia, had an affair with a woman who U.S. intelligence determined to be Chinese spy, has added to the anxiety.
Investors are already skittish because of concerns that the build-out of A.I. is increasingly funded by debt and worries about the poor performance of companies that went public this year. Consequently, a number of firms have recently delayed their planned offerings, rather than face a cut to their valuations.
Still, many of Anthropic’s investors and bankers say the company’s size, importance and the unique role it plays in the future of A.I. may allow it to push through any market jitters. A number of its investors, like Fidelity Investments and T. Rowe Price, are typically among the biggest buyers in public offerings, providing a built-in support base.
Goldman Sachs and Morgan Stanley are underwriting the listing.
Anthropic, which has generally taken a conservative approach to its valuation, set its preliminary price range as it kicks off its pitch to Wall Street investors in what is known as a roadshow. Anthropic expects to finalize the price of its shares next Wednesday, which will then begin trading Thursday on the Nasdaq under the ticker symbol ANT. Bankers typically deem an offering successful if its shares gradually rise once the company goes public.
Get ready, here it comes!