Anthropic, the artificial intelligence company behind Claude, has withdrawn pricing details for its proposed initial public offering after circulating inaccurate figures to bankers. The company said it would provide an updated filing, according to a Reuters report.
The figures initially shared indicated that Anthropic planned to raise as much as $69.3 billion by selling approximately 867 million shares at a price range of $70 to $80 apiece. However, the company subsequently informed bankers that the pricing information was inaccurate and that revised details would be shared later.
The development comes as investors reassess the valuations of major artificial intelligence companies amid volatility in technology stocks.
Investors reassess valuation
Potential investors have reportedly discussed valuing Anthropic at around $1.1 trillion to $1.3 trillion, below earlier expectations of up to $2 trillion, Bloomberg reported.
Reuters also reported that some investors considered a previously discussed valuation of $1.5 trillion too high and were seeking more attractive pricing before committing to the offering.
The uncertainty has raised questions about whether Anthropic can proceed with its proposed IPO roadshow during the week of November 9 and complete its listing in November.
The company had been preparing for what could become the largest-ever initial public offering, potentially surpassing SpaceX’s record-breaking market debut in June 2026.
Founded in 2021, Anthropic has emerged as a major player in the generative AI market through its Claude models. Its planned public offering had attracted considerable attention because of the scale of the proposed fundraising and the company’s potential valuation.
However, the withdrawal of the initial pricing figures, combined with changing investor expectations, has introduced uncertainty around the timing and terms of the listing.
Anthropic has said revised details will follow. Until then, the proposed share count, price range and fundraising target remain subject to change.
Source: Reuters and Bloomberg, via Business Standard
