Anthropic sets IPO range valuing it at up to $1.4 trillion amid AI stock sell-off

Anthropic launched the roadshow for its long-awaited IPO, setting a price range of $70 to $78 per share that values the AI company at up to $1.4 trillion. The top of the range falls well short of the $2 trillion valuation some had floated weeks earlier, as the offering lands amid a sell-off in AI stocks. The filing marks one of the largest listings in recent memory and will test public-market appetite for a pure-play AI developer. Investors will watch how the book builds over the roadshow and whether the discounted range draws enough demand to price at the high end.