Report: Anthropic Said to List on Nov 19 or 20 as Valuation Expectations Cool

November 10: According to IT之家 citing The Wall Street Journal, AI company Anthropic is pushing ahead with its IPO, targeting a Nasdaq trading debut on November 19 or 20 under the proposed ticker ANT. The company is expected to disclose key information early this week, including the valuation range, the number of shares to be offered and the offering price.

The market had originally expected Anthropic's IPO valuation at about $1.5 trillion, with discussions at one point of nearly $2 trillion. But after AI-related stocks sharply pulled back last week, some major institutional investors pressured the company to accept a lower valuation. Some investors believe $1.5 trillion is already on the high side and a more realistic range may be $1.1 trillion to $1.3 trillion, while others think the valuation could be close to $1 trillion. Despite the cooling sentiment, Anthropic has not publicly postponed its listing plans; it will meet with core investors this week and start its roadshow. Earlier reports said Anthropic aims to raise $80 billion to $100 billion.