# Anthropic presses on with a pre-Thanksgiving IPO, and settles for a lower price range

> The Claude maker now targets $1.25 to $1.75 trillion and $80 to $100 billion raised, after a selloff that sent the Nasdaq 100 down 6.4% in a day. Its annualized revenue is about $81B.

- URL: https://devisdead.ai/news/anthropic-presses-on-with-a-pre-thanksgiving-ipo-and-settles-for-a-lower-price-r
- Published: 2026-11-08T23:22:48Z
- Author: DevIsDead Newsroom
- Section: Startups & Money
- Tags: anthropic, ipo, markets, valuation
- Originally reported by The Decoder (https://the-decoder.com/anthropic-pushes-ahead-with-pre-thanksgiving-ipo-despite-tech-selloff-accepts-lower-valuation/).

Anthropic isn't waiting for the market to calm down. The company still plans to go public before Thanksgiving, but has lowered its sights on price, Matthias Bastian reports for [The Decoder](https://the-decoder.com/anthropic-pushes-ahead-with-pre-thanksgiving-ipo-despite-tech-selloff-accepts-lower-valuation/), citing investors quoted by the Financial Times.

## The new range

Anthropic now aims to raise $80 to $100 billion at a valuation of $1.25 to $1.75 trillion. That's above its current $965 billion, but short of the $2 trillion the most bullish investors had hoped for. Its annualized revenue has climbed to around $81 billion; at the end of July it was about $65 billion.

Earlier this week, [investors were balking](/news/investors-balk-at-anthropic-s-1-5-trillion-ipo-price-and-one-floats-1-trillion) at $1.5 trillion, and one floated $1 trillion. A range that starts at $1.25 trillion meets them partway.

## The market around it

Rising borrowing costs and huge AI spending plans set off a tech selloff this week, and the Democratic midterm wins, with promises to slow data center construction, sped it up. The Nasdaq 100 fell 6.4% on Thursday and recovered some on Friday.

OpenAI is adjusting too. According to The Decoder, it lowered the valuation target for its funding round to $1.25 trillion from $1.4 trillion, and so far has brought in roughly one third of the $30 billion it first went after.

## What it means

Both leading labs are still being valued above a trillion dollars, so nobody should read this as a collapse. But the direction is clear: investors want to see revenue catching up with spending, and they've stopped paying any price for the AI story. Anthropic's $16 billion jump in annualized revenue in about three months is the strongest argument it has.

For developers building on Claude, a public Anthropic means quarterly reports, which means much more visibility into pricing pressure and where the company is putting its money.

**[Scoreboard](/scoreboard) update:** Draw. Anthropic still goes for a trillion-dollar listing, and investors still talk the price down.

Stay undead.