Anthropic launches IPO roadshow

Anthropic is raising up to $64bn in an IPO, with reports of a valuation near $1tn or higher. Filings show a sharp revenue ramp.

The FT reports that Anthropic and its backers plan to raise up to $64bn as the roadshow begins, one of the biggest Wall Street debuts ever. Market news accounts say it seeks a $1.4tn fully diluted valuation (unconfirmed), while another report cites a ~$1tn target. A prediction-market account lists 825M shares at $70–$78 plus a $26B private placement. Per the IPO filing, as relayed by a market news account, run-rate revenue reached $81B at Oct. 31 and Q3 revenue was $17B. The filing also shows a roughly $34.9B Lambda compute deal is now terminable after Lambda missed a lease deadline. TSMC plans to buy up to $500M of Anthropic shares and up to $500M of OpenAI preferred stock, per a market news account.