Anthropic eyes $1 trillion US valuation in hotly anticipated IPO that's a key test for AI market

Anthropic's initial public offering plans to raise as much as $64.4 billion US, a regulatory filing showed on Tuesday, testing Wall Street's faith in the AI boom amid growing worries about its risks.

Anthropic's stock offering could set a benchmark for the AI sector

Thomson Reuters

· Posted: Nov 10, 2026 9:20 AM EST | Last Updated: 13 minutes ago

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Anthropic's initial public offering ​(IPO) plans to raise as much as $64.4 billion US, a regulatory filing showed on Tuesday, testing Wall Street's faith in the AI boom amid growing worries about its risks.

The company is targeting a valuation of up to $1.02 trillion US, according to Reuters calculations based on the outstanding shares ‌listed in the filing.

Reuters exclusively reported on Tuesday that Anthropic and some of its investors aim to sell shares in an indicative price band of between $70 and $78 US per share.

The company is launching the roadshow for a historic share sale that is expected to ​set a benchmark for the sector, following years of hype ​that fuelled a massive influx of capital into AI companies.