Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation

AI introduction

Anthropic plans to go public before Thanksgiving, aiming to raise $80-100 billion at a valuation range of $1.25-1.75 trillion — above its current $965 billion but below the $2 trillion investors had hoped for. According to investors cited by the Financial Times, its annualized revenue is about $81 billion, up from roughly $65 billion in late July. Amid a tech stock selloff, OpenAI has also cut its funding target from $1.4 trillion to $1.25 trillion.

Why it matters

The item gives Anthropic's IPO valuation range, funding size and revenue figures, allowing comparison with OpenAI's shrinking raise to understand the current capital market environment for AI companies.

Article · English

Nov 7, 2026

Anthropic is pressing ahead with its IPO despite the tech selloff, accepting a lower valuation. The Claude developer wants to go public before Thanksgiving and raise $80–100 billion at a $1.25–1.75 trillion valuation, according to investors cited by the Financial Times. That tops the current $965 billion but falls short of the $2 trillion the most optimistic investors had hoped for. Annualized reported revenue now sits at about $81 billion, up from roughly $65 billion at the end of July.

Rising borrowing costs and heavy AI spending plans triggered a tech selloff this week. Democrats winning the US midterms accelerated it because they had promised to slow data center construction, including other measures. The Nasdaq 100 dropped 6.4 percent on Thursday but recovered somewhat on Friday.

OpenAI also cut its funding-round target from $1.4 trillion to $1.25 trillion and recently raised only about a third of the $30 billion it originally sought.

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Source: The Decoder · the-decoder.com