Anthropic bankers prepare to raise IPO valuation to USD 1.5tln or above, according to FT

Anthropic bankers prepare to raise IPO valuation to USD 1.5tln or above, according to FT.

Bankers guiding an IPO valuation upward ahead of pricing follows a familiar sequence in hot listings: informal soundings, press leaks through the financial press to test demand, then a revised range or upsized deal. The leak itself is part of the process, and the sourcing attribution signals an early, non-binding stage rather than a filed range. In prior episodes of large private companies approaching the market at headline valuations well above their last funding round, the questions that have mattered are whether the cornerstones and anchor books materialise at that level and how much of the float is priced versus talked. AI-linked issuers have historically drawn deep demand at announcement, but aftermarket performance in that cohort has split sharply between revenue-generating names and those priced on capacity narratives. Worth watching is whether the figure survives contact with a formal filing, the size of the primary versus secondary component, and whether syndicate banks commit to a greenshoe consistent with the touted number.