Anthropic Targets Valuation of Up to $1.4tn in Stock Market Flotation

Anthropic, the developer of the Claude chatbot, is targeting a valuation of up to $1.4tn in its stock market flotation, according to The Guardian. The company had previously been reported to be aiming for a $2tn IPO on Wall Street before investors cooled on AI, the report said.

The revised target marks a significant step down from the earlier reported ambition, reflecting a shift in investor sentiment toward artificial intelligence companies as the flotation approaches. Anthropic's Claude chatbot is the company's flagship product, and the listing would rank among the largest ever for an AI-focused firm.

The move comes as public markets have grown more selective about AI valuations after a period of intense enthusiasm. The Guardian reported that investors had cooled on AI, prompting the company to scale back its expected valuation range from the $2tn figure previously reported to a range of up to $1.4tn.

For investors, the flotation will serve as a key test of appetite for direct exposure to a leading AI developer. The valuation range implies that Anthropic would still debut at a substantial premium to many established technology companies, but the reduction from earlier expectations underscores how quickly sentiment in the sector can shift.

The report did not specify a timetable for the listing or the exact size of the offering. Anthropic's IPO plans have been closely watched as a bellwether for the AI industry's access to public capital.