Anthropic's IPO underwriters are preparing to raise the IPO valuation to $1.5 trillion or higher.

Anthropic’s IPO underwriters are preparing to raise the company’s valuation target to $1.5 trillion or more, up from earlier reports of a fully diluted valuation of about $1.4 trillion. The move follows Anthropic’s updated S-1 filing, which sets an offering price range of $70 to $78 per share ahead of a planned Nasdaq listing under the ticker ANT. The company is also conducting a private placement of about $26 billion, with investors including Google, Nvidia and AMD. The higher target would place Anthropic among the most valuable listed companies and underscores strong investor demand for leading AI developers. What to watch next is whether the final IPO pricing sustains the $1.5 trillion valuation and how the Nasdaq debut under ANT performs.