Anthropic PBC Plans Mid-November IPO Valued Up to $2 Trillion

Anthropic PBC, the artificial intelligence company known for the Claude chatbot, is reportedly targeting a mid-November initial public offering (IPO) with a valuation between $1.8 trillion and $2 trillion. Bloomberg reported this development, citing unnamed sources familiar with the discussions.

The company had previously adjusted its IPO timetable and is now preparing to formally market its offering during the week of November 9, potentially allowing for trading to commence before the Thanksgiving holiday on November 26. This IPO follows Anthropic's submission of paperwork to the US Securities and Exchange Commission on June 1, marking it as the first major generative AI company to initiate the public listing process.

The proposed listing occurs amid intense competition with OpenAI, as both companies vie for revenue growth and investor interest in the expanding AI market. Anthropic's listing effort is set against a backdrop of a challenging environment for new IPOs, with many recent offerings facing delays due to weaker investor demand.