Anthropic targets valuation of up to $1.4tn in stock market flotation

Anthropic is reportedly targeting a valuation of up to $1.4 trillion, about £1.05 trillion, for its planned stock market debut. That is well below the $2 trillion figure previously associated with the Claude developer, according to a US regulatory filing reported by The Guardian. The lower target suggests public-market investors are applying more scrutiny to AI companies' growth rates, capital requirements, and prospects for durable revenue. For AI builders, the flotation could provide a clearer market benchmark for frontier-model companies, whose valuations have largely been set through private funding rounds and strategic investments. Anthropic's eventual pricing and post-IPO performance will also test whether demand for Claude and enterprise AI services can support valuations approaching those of the world's largest technology companies. No share price, fundraising amount, or listing date was included in the report.