Prospective investors are now discussing an Anthropic Nasdaq IPO valuation of $1.2 trillion to $1.3 trillion, down from about $2 trillion floated in early October.

Prospective investors are now discussing an Anthropic Nasdaq IPO valuation of $1.2 trillion to $1.3 trillion, down from about $2 trillion floated in early October.

The $1.2-1.3T talk was reported by Bloomberg on Nov 6 and flagged by markettwits, DeItaone and others. It follows a WSJ report on Nov 2 that anchor investors wanted $1.5T to $1.6T after the tech selloff, citing a desire to leave room for a first-day gain, per AI Weekly. Fund-manager commentary quoted Nov 6 has BNP Paribas Wealth Management 10-15% below the initial low end, Sycomore seeing demand at $1.2T, and HSBC more comfortable around $1T, per BullRush.

Underneath: Anthropic told investors Q3 revenue was $16.8B, up 45% from Q2's $11.6B, with H1 revenue $16.3B, $112.4B cash and an $80.7B net loss mostly non-cash. Compute and infrastructure commitments were put near $895B. The offering was earlier described as led by Goldman Sachs and Morgan Stanley with up to $100B to be raised, price range not disclosed, roadshow possibly next week for a debut the week of Nov 16 before Thanksgiving. Bitget's parallel IPO Prime product quotes about $103 per share and a $1.75T value, with a VIP round Nov 5-9 and public round Nov 10-16.