Anthropic set its IPO range at $70–$78 per share, implying a valuation of about $916 billion to $1.02 trillion, or up to $1.405 trillion fully diluted. The offering could raise $64.4 billion, with seven computing suppliers agreeing to invest a further $26 billion. Anthropic plans to use proceeds for general purposes, including compute and infrastructure. Revenue reached $33.2 billion in the first nine months of 2026, while operating losses were $1.26 billion and committed spending totaled about $900.9 billion. Its governance structure gives founders and a trust substantial control, limiting Class A shareholders’ influence. The proposed valuation follows an AI-stock sell-off and is below earlier valuation targets.
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Anthropic launched Claude Meetings, Whiteboards, Sheets, Data, and interactive software connectors, expanding its enterprise offerings ahead of a planned IPO that could value the company at up to $1.4 trillion. Microsoft shares fell more than 2% following the announcement, amid concerns about AI competition with established software firms. Anthropic reported $33.2 billion in revenue for the first nine months of the year through September, up 1,206% year over year. OpenAI is also gaining traction in enterprise sales.
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