Anthropic heads for $1.3 trillion valuation in major stock market listing

ByDearbail Jordan Business reporter. 10 November 2026, 12: 47 GMT.

Key points

• Although sizeable, is below the $2 trillion some analysts had predicted weeks ago, this would value Anthropic at between $1.1 trillion and $1.3 trillion which.
• Nevertheless, its pre-tax loss jumped to $80.7bn from $12.9bn.
• There are additionally wider fears over the billions of dollars being spent on AI and whether it will pay off.
• It is floating at a volatile time for AI firms.

Anthropic, the AI firm behind the Claude chatbot, could be valued at $1.3 trillion (£1 trillion) when it lists its shares for sale on New York's Nasdaq stock exchange.

In practice, the loss-making firm states it will offer its shares for between $70 and $78 each and intends to raise up to $64bn when it floats this month.

It is floating at a volatile time for AI firms. After last week's US midterm elections, the Nasdaq fell sharply on reservations a Democrat-led Congress could slow development of AI and the buildout of data centres.

In its most recent results for the six months to the end of June, Anthropic's revenues jumped to $16.2bn from $1.1bn in the same period last year. Nevertheless, its pre-tax loss jumped to $80.7bn from $12.9bn.

Fiona Cincotta, a senior market analyst at City Index, remarked the $64bn Anthropic wants to raise is "fairly bullish" within "the volatility concerns towards AI that we've seen in sort of particularly last week".

She informed Reuters: "It's showing that they are still sort of upbeat about the outlook as far as AI is concerned and that obviously that they think that the demand is going to be there."

Taken together, the developments around anthropic heads for $1.3 trillion valuation in major stock market listing point to a situation that is still moving, and the coming days should bring more clarity.