Anthropic, the company behind the Claude chatbot, is preparing for a major initial public offering (IPO) on the Nasdaq under the ticker ANT. The company plans to offer 825 million shares priced between $70 and $78, targeting a valuation between $1.26 trillion and $1.41 trillion. This move positions Anthropic as a significant rival to OpenAI and tests investor appetite for AI firms that are not yet profitable.
The IPO has secured commitments from major tech players like Google, Nvidia, and Microsoft, totaling $26 billion. Markets are watching closely, as the offering could mirror the disruption caused by SpaceX’s IPO. However, prediction markets suggest potential uncertainty, with pricing indicating a possible drop below $1.25 trillion on IPO day.
Investors are focusing on several key factors, including any amendments to Anthropic’s IPO filing, SEC regulatory actions, and underwriter guidance. Institutional demand and secondary-market pricing on platforms like Forge Global will also play a role in shaping market expectations and determining the IPO’s broader impact.