Anthropic sets IPO range implying up to $1.4 trillion valuation amid market turbulence

The Claude maker is pricing shares at $70 to $78, well below the $2 trillion figure once floated, as it races to raise capital Anthropic has put a price tag on itself, and it is a big one with an asterisk. An updated IPO filing on November 10, 2026 sets a range of $70 to $78 per share, implying an estimated valuation between $1 trillion and $1.4 trillion. That is also noticeably less than the $2 trillion figure that was once floated, a retreat Reuters Breakingviews links to market turbulence and the urgency of raising capital. The core of the deal is 825 million Class A shares. At the proposed range, the offering could raise up to $64.4 billion. The valuation spread depends on what you count.

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