Anthropic IPO Underwriters Weigh Valuation Target of $1.5 Trillion or More

Anthropic's IPO underwriters are weighing a valuation target of $1.5 trillion or more, a potential increase that puts the size of the AI company's planned Nasdaq debut in focus for U.S. equity and technology investors.

The higher target would lift the $1.4 trillion valuation previously disclosed in filings by at least $100 billion. Underwriters are considering the change amid unusually strong investor demand, but the higher figure has not been finalized.

If the target reaches $1.5 trillion or more, total fundraising from the IPO could exceed $100 billion. The valuation figure describes the level at which the company could be valued, while proceeds would represent money raised through the share sale.

The proposed increase centers on both the valuation and the possible size of the offering. The company is expected to list on Nasdaq next week, putting the underwriters' decision ahead of its planned debut in U.S. markets. The valuation proposal remains under consideration as the expected listing approaches.