Anthropic Targets Nov. 19 or 20 for Nasdaq IPO as AI Selloff Pressures Valuation

Anthropic is preparing for a Nasdaq IPO later this month, with a planned Nov. 19 or 20 trading start facing pressure from a selloff in AI stocks and investors seeking a lower valuation.

The company plans to meet with major investors this week and is targeting the ticker ANT. The schedule called for its IPO price range and offering size to be disclosed early this week, ahead of the proposed trading debut.

Investor expectations for Anthropic's IPO valuation stood at about $1.5 trillion a week ago. A valuation near $2 trillion had been discussed earlier, while some large investors are now pressing for a further reduction as AI stocks retreat.

The proposed IPO would test demand for a major AI listing while the sector is under pressure. Disclosure of the offering's price range and size would give investors the next concrete terms to assess before the planned shares begin trading on Nasdaq.