Anthropic Files for IPO Valued Up to $1.75 Trillion

Anthropic, the developer of the Claude model, has filed for an initial public offering on the stock exchange and is aiming to conduct it in November. The filing was made using Form S-1, which companies submit to the U.S. Securities and Exchange Commission before going public. The document reports revenue of $16.3 billion for the first half of 2026 and a net loss of $80.7 billion. The number of shares and price range have not been disclosed. Previously, it was reported that up to $100 million could be raised with a valuation of $2 trillion.

According to the Financial Times, investors expect the company's valuation to be between $1.5 trillion and $1.75 trillion. Fox Business journalist Liz Claman reported that the offering is likely to take place on November 19 or 20.

Following the filing, shares of chip manufacturers rose in pre-market trading: NVIDIA gained 1.4%, Broadcom 1.5%, and Micron 2.3%.

On the Hyperliquid crypto exchange, traders can bet on the expected price of Anthropic shares before their listing through the ANTH contract. Around 9 a.m. Eastern Time, when the prospectus was expected to be released, the price surged to approximately $1,980 but fell about 6% to $1,857 within minutes. Shortly after 12:05 UTC, the contract was trading around $1,875. Over 24 hours, the trading volume was about $12 million, with a daily increase of just 1.8%.