Anthropic’s filing on Monday revealed an IPO valuation of $1.4–$1.5 trillion, with a retail slice pegged at 15–20% of the total shares. According to Bloomberg, the price range places Anthropic among the highest‑valued AI IPOs ever, eclipsing Meta’s $85 B equity raise earlier this year.
JPMorgan Chase & Co. has been tapped to lead the U.S. retail sales, with chief executive Jamie Dimon slated to join the roadshow. The bank’s track record includes steering SpaceX’s $86.2 B IPO, which attracted over $100 B of individual investor demand, giving Dimon a proven playbook for high‑profile retail campaigns.
Citigroup will coordinate the international retail portion, covering Australia, Canada, Japan, the EU, Switzerland and the U.K., as disclosed in the filing. The split of retail orders remains fluid, with investors signaling a valuation of $1.4–$1.5 trillion and a higher ceiling around $1.75 trillion if demand surges.
In a sector where AI companies are raising tens of billions, Anthropic’s valuation leap reflects escalating confidence in generative‑AI models. Analysts note that the high‑growth narrative could drive a premium, but regulatory scrutiny and safety concerns may temper enthusiasm.
The company is expected to price the shares on June 12, with a projected bid price of roughly $15–$18 per share, mirroring the premium seen in comparable AI listings. Investors will watch whether the retail demand aligns with the $1.4–$1.5 trillion target, and how the roadshow performance shapes the final valuation.