Startups and VCUpdated 10h ago

Anthropic plans an IPO valued at up to $1.4 trillion

Anthropic is planning an IPO that could raise up to $64.4 billion at a valuation of up to $1.4 trillion, Axios reports. That valuation ceiling is roughly $600 billion below what investors envisioned months earlier. Axios links the lower expectations to slower revenue growth, soaring infrastructure costs and a punishing market selloff. There is private money alongside the planned offering, too: Google, Nvidia and other tech companies have committed $26 billion. The public listing remains enormous; its planned valuation is what has come down.

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Coverage started November 9