Anthropic Plans Nasdaq IPO to Raise Up to $64bn

What changed

Anthropic, the company behind Claude, plans to list on Nasdaq this month and raise up to $64bn through an initial public offering.

It has proposed an offer price of $70 to $78 per share. The company is loss-making, and the listing is not yet certain to proceed on that timetable.

Why it matters

This would give Anthropic a large pool of public-market capital while putting its losses, growth plans and demand for AI under the daily scrutiny of investors. The size of the proposed raise is a clear bet that spending on AI will keep expanding, even as doubts grow about whether the money pouring into the technology will ultimately pay off.

The timing makes that bet harder to ignore. The Nasdaq fell sharply after last week’s US midterm elections amid concerns that a Democrat-led Congress could slow AI development and data-centre construction. Anthropic is therefore trying to sell shares while enthusiasm for AI remains strong but confidence in the sector’s costs and future returns is less comfortable.

The important signals now are simple: whether the IPO happens this month, whether Anthropic attracts enough demand to raise the full $64bn, and where the final share price lands within, or outside, the proposed range.