Anthropic targets Nasdaq debut on Nov. 19 or 20 with valuation up to $1.75 trillion

Anthropic is targeting a Nasdaq listing on Nov. 19 or 20 at a valuation of up to $1.75 trillion, setting up one of the largest AI-focused public debuts to date. The offering would give public-market investors direct exposure to a leading AI developer and a fresh benchmark against rival OpenAI's private valuation. The listing also arrives amid heightened regulatory scrutiny of AI companies and could shape sentiment across both AI equities and crypto AI tokens that trade alongside the sector. What to watch next is the final pricing range, the size of the float and first-day trading volume, which will indicate how much of the valuation institutional demand is willing to underwrite.