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Anthropic IPO buyers now weigh a valuation as low as $1.1 trillion, report says

Potential investors are discussing $1.2 trillion to $1.3 trillion ahead of formal marketing. Anthropic has not set a price.

Leaked on 06 November 2026

Anthropic CEO Dario Amodei in London in 2023
Anthropic CEO Dario Amodei in London in 2023. Photo: UK Prime Minister / Wikimedia Commons, cropped (CC BY 2.0)

Prospective buyers of Anthropic's IPO are discussing a valuation range of $1.2 trillion to $1.3 trillion, and some are weighing a value as low as $1.1 trillion, people familiar with the matter said, according to a report The Edge Malaysia carried on November 7. unusual_whales (@unusual_whales) shared the figures on X.

Leakly track record

Investors had earlier told bankers their estimate of fair value had moved to about $1.4 trillion to $1.5 trillion, the report says. That shifted again after the Nasdaq 100 fell 6.4% on November 5 in a post-election selloff. Formal IPO marketing was expected to start the following week.

Anthropic has not set a price range publicly.

Sources