Anthropic has set a price range of $70 to $78 per share for its upcoming initial public offering, according to an updated filing on Tuesday.
The market needed an excuse to correct itself a little bit in terms of valuations, said Brian Hopkins, a principal analyst at Forrester Research.
Anthropic plans to raise up to $64.35 billion in its upcoming initial public offering, setting a price range of $70 to $78 per share.
Anthropic reported $17 billion in third-quarter revenue while disclosing $895.4 billion in total compute and infrastructure commitments in an amended S-1 filing submitted to the Securities and Exchange Commission on November 2, 2026, ahead of an anticipated initial public offering on the Nasdaq.
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