Anthropic sets IPO range implying up to $1.4 trillion valuation amid market turbulence

Anthropic has set an IPO price range that implies a valuation of up to $1.4 trillion, launching its listing amid broader market turbulence. The offering positions the AI developer among the largest public debuts on record and signals sustained investor appetite for artificial intelligence exposure despite volatile conditions. Governance provisions in the company's structure may limit shareholder influence over strategic decisions, a factor that could weigh on how the stock is assessed after listing. The deal's reception will be closely watched as a gauge of demand for AI-linked equities, with attention on final pricing, demand from institutional investors, and any post-debut trading performance.