# Anthropic reportedly targets a pre-Thanksgiving IPO

> Investors cited by the Financial Times say Anthropic aims to raise $80 billion to $100 billion at a valuation below the $2 trillion some had expected.

Oossa · 2026-11-07 · https://oossa.com/en/anthropic-reportedly-targets-a-pre-thanksgiving-ipo

Event date: 2026-11-07

Anthropic is pressing ahead with plans to go public before Thanksgiving, despite a sharp tech-market selloff, and is willing to accept a lower valuation than some investors had hoped for. Investors cited by the Financial Times put the company’s fundraising target at $80 billion to $100 billion and its expected valuation at $1.25 trillion to $1.75 trillion.

That valuation range is above the $965 billion figure cited as current, but below the $2 trillion that the most optimistic investors had hoped for. The figures describe a reported target, not a completed IPO: the available details do not say that Anthropic has filed to go public or set a share price. The company develops Claude, a family of AI assistants.

## Revenue is rising, but the target is lower

Anthropic’s reported annualized revenue is about $81 billion, up from roughly $65 billion at the end of July. Annualized revenue is a run-rate estimate, not a statement that the company earned that amount over a full year. The figures indicate that reported revenue has grown while investors’ expectations for the IPO valuation have come down from the most bullish forecasts.

The report does not explain how Anthropic arrived at its proposed valuation or how much of the planned fundraising would come from new shares. Those details matter to investors assessing the offering, but are not included in the reported figures.

## A tougher market for big AI plans

The timing comes during a selloff linked to rising borrowing costs and companies’ large AI spending plans. The Nasdaq 100 fell 6.4% on Thursday and recovered some ground on Friday. The Decoder also reports that Democratic wins in the US midterms added to the decline, citing promises to slow data-center construction and other measures.

OpenAI has also reduced its funding-round target, from $1.4 trillion to $1.25 trillion, and recently raised about a third of the $30 billion it had originally sought. That is a separate fundraising effort, not an IPO, but it shows that major AI companies are seeking capital in a market where large funding targets may be harder to meet.

## The facts

- Anthropic reportedly wants to raise $80 billion to $100 billion before Thanksgiving.
- Investors cited by the Financial Times put its target valuation at $1.25 trillion to $1.75 trillion, below the $2 trillion hoped for by its most optimistic investors.
- Anthropic’s reported annualized revenue is about $81 billion, up from roughly $65 billion at the end of July.
- The Nasdaq 100 fell 6.4% on Thursday and recovered somewhat on Friday.
- OpenAI cut its funding-round target from $1.4 trillion to $1.25 trillion and recently raised about a third of its original $30 billion target.

## Why it matters

For people who follow private AI companies, the reported plan suggests Anthropic is still pursuing a public listing even as the market weakens, but the valuation is below some earlier expectations. The target and timing are not a completed IPO, and the available details do not establish when ordinary investors could buy shares or at what price.

## Sources & references

1. [Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation](https://the-decoder.com/anthropic-pushes-ahead-with-pre-thanksgiving-ipo-despite-tech-selloff-accepts-lower-valuation/) – The Decoder, 2026-11-07

Last updated: 2026-11-07