---
title: "Anthropic IPO Buyers Weigh $1.1 Trillion to $1.3 Trillion Value"
url: https://www.hereaustin.com/2026/11/07/anthropic-ipo-buyers-weigh-1-1-to-1-3-trillion-value/
date: 2026-11-07T05:39:54-06:00
modified: 2026-11-07T05:39:54-06:00
author: "Merger Monday"
categories: ["Business", "National"]
site: "HERE Austin"
attribution: "HERE Austin"
---

# Anthropic IPO Buyers Weigh $1.1 Trillion to $1.3 Trillion Value

*Source: [HERE Austin](https://www.hereaustin.com/2026/11/07/anthropic-ipo-buyers-weigh-1-1-to-1-3-trillion-value/) — November 7, 2026 by Merger Monday*

Prospective investors in Anthropic’s initial public offering are lowering the price they are willing to pay, discussing a valuation of roughly $1.2 trillion to $1.3 trillion and in some cases as little as $1.1 trillion, according to people familiar with the deliberations, after a steep selloff in technology stocks.

The range marks a sharp retreat from early October, when investors floated values as high as $2 trillion. After a company briefing on its financial results later that month, expectations settled around $1.4 trillion to $1.5 trillion. The latest discussions are still under way and no terms have been fixed. Anthropic declined to comment on the talks.

## A selloff resets the math

The Nasdaq 100 dropped 6.4% on Thursday, erasing about $2.3 trillion of market value in a single session, while the Cboe Volatility Index climbed to its highest level since April 2025. Investors are reassessing the cost of AI data-center buildouts and the possibility of tougher scrutiny after Democrats swept Congress in the midterm elections.

Anthropic’s amended registration statement showed $33.24 billion of revenue for the first nine months of 2026. The company was valued at $965 billion in a private round in May and plans to list its Class A shares on the Nasdaq Global Select Market under the symbol ANT, as previously reported.

## Options on timing

The company had aimed to list before the Nov. 26 Thanksgiving holiday, with a roadshow that could begin the week of Nov. 9. Anthropic and its selling shareholders could start marketing with a smaller offering and a conservative price range and lift both if early demand is strong, people familiar with the matter said. A delay is also possible; issuers must have filings public for at least 15 calendar days before formal marketing, and some wait longer.

The reset comes as rival OpenAI closed $11 billion of private funding at a $1.25 trillion valuation, giving bankers a fresh private-market comparison as they set Anthropic’s range.