Anthropic investors push for IPO valuation below $1.5 trillion as Nasdaq debut nears
Investors are pushing Anthropic's Nasdaq listing valuation below $1.5 trillion, down from nearly $2 trillion months ago, while OpenAI was valued at $1.25 trillion after raising $11 billion, TechCrunch reported on 9 November 2026.
Institutional investors buying into Anthropic's initial public offering are pushing for a valuation below $1.5 trillion, well under the roughly $2 trillion figure discussed a few months ago, as the AI company presses ahead with a Nasdaq listing, TechCrunch reported on 9 November 2026, citing The Wall Street Journal.
What is being reported
- Anthropic plans to set a valuation range this week and begin trading on Thursday or Friday of next week, the Journal reported, according to TechCrunch.
- Some institutional investors are now pushing for a valuation below the $1.5 trillion target discussed as recently as last week, itself considerably below the $2 trillion floated a few months ago, TechCrunch reported.
- In a 2 November report, also citing the Journal, markets outlet investingLive said institutional investors had told Anthropic and its advisers the IPO should be valued at around $1.5 trillion to $1.6 trillion, below figures near $2 trillion discussed in recent months — the $1.5 trillion level investors are now pushing beneath. The same report said an updated filing showed quarterly revenue of $17 billion for the three months to 30 September, up from about $11.6 billion in the prior quarter.
- Rival OpenAI, Anthropic's main competitor, was reportedly valued at $1.25 trillion last week after raising $11 billion in fresh capital, short of the $20 billion it had initially sought, TechCrunch reported.
Why it matters
A trillion-dollar valuation cut on one of the most closely watched listings of the year is a concrete signal that investors are repricing the AI boom after weeks of selloffs in technology stocks, rather than merely talking about a correction. For Azerbaijan and other states courting hyperscale cloud and AI investment, a weaker Anthropic debut would matter because the same capital-intensive compute commitments that inflate these valuations — data centres, chips and long-term power deals — are the assets regional governments are trying to attract on the promise of unlimited demand.
