# Anthropic Targets Pre-Thanksgiving IPO With Up to $100 Billion Raise

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/51967
Published: 2026-11-09T01:02:39.000Z
Updated: 2026-11-09T01:02:39.000Z
Section: Business

> Investor estimates put the company’s IPO valuation between $1.25 trillion and $1.75 trillion, below earlier expectations of $2 trillion.

Anthropic is targeting a U.S. IPO before Thanksgiving and seeking up to $100 billion, a potential offering that could rank among the largest anticipated U.S. listings.

The artificial intelligence company is weighing a raise of $80 billion to $100 billion at a valuation of $1.25 trillion to $1.75 trillion. The upper end is below the $2 trillion valuation some investors expected about a month earlier. One large investor expects a more cautious valuation near $1.5 trillion, while others involved in the deal see a value around $1.3 trillion.

Anthropic is prepared to accept a lower valuation to keep its listing timetable on track as technology shares face pressure and enthusiasm for AI infrastructure spending cools. The company’s current valuation is about $965 billion, making even the lower end of the proposed IPO range a substantial increase from its private-market value.

JPMorgan plans to hold a briefing for potential investors on Nov. 13 as preparations continue. The Thanksgiving target remains a plan, not a completed listing.