Anthropic, the artificial intelligence company behind the Claude chatbot, is set to make its stock market debut at a valuation below earlier expectations, targeting approximately $1.3 trillion. According to filings released ahead of the listing, the firm will offer its shares at a price range of $70 to $78 each. The figure falls short of the loftier valuations that had circulated in private markets and among analysts in recent months, suggesting investors are applying more measured scrutiny to the AI sector as several high-profile startups approach public offerings.
The pricing range reflects a broader recalibration of expectations across the artificial intelligence industry, where rapid revenue growth has been tempered by concerns over development costs, computing infrastructure spending, and the durability of enterprise demand. Anthropic, which has positioned itself as a leading rival to OpenAI, has attracted substantial backing from major technology investors, but its path to profitability remains a central question for prospective shareholders. The company has not disclosed a specific listing date, and the final valuation will depend on investor demand during the roadshow. Market observers will be watching the debut closely as a bellwether for the appetite surrounding AI-focused public listings.
Independent reporting synthesized from primary wires and global correspondents.