Anthropic IPO underwriters are preparing to raise the IPO valuation to $1.5 trillion or higher.

On November 11, according to The Financial Times, underwriters for Anthropic are preparing to raise the company's IPO valuation target to $1.5 trillion or higher.

This news comes after Anthropic filed an updated S-1 registration statement, setting the IPO price range at $70 to $78 per share, and plans to list on Nasdaq under the ticker ANT in the near future. Multiple prior reports indicated that the company's fully diluted valuation reached up to approximately $1.4 trillion, alongside a concurrent private placement of about $26 billion, with investors including Google, Nvidia, and AMD.